London – Natural rubber prices showed signs of recovery over the month of September, with all major Far East markets registering price increases.
Positive pricing trends in the four weeks to 20 Sept seemed to reflect a forecast of a fall in global output and the rise in oil prices, following 14-Sept drone attacks on two Saudi Aramco refineries.
The price improvements reversed the negative trends established over the months of July and August, which tracked subdued demand linked to the on-going contraction in global tire and automotive markets.
Shanghai SHFE Ru1909: Yuan 11130/tonne (20 Sept) compared to Yuan 10355/tonne (23 Aug)
Tokyo Tocom RSS3 back month: Yen166.6/kg compared to Yen165.8/kg
Tokyo Tocom TSR20 back month: Yen153.9/kg compared to Yen145.4/kg
Singapor SGX TSR20: $1.361/kg compared to $1.315/kg
Kuala Lumpur SMR20: $134.6/100kg compared to $129.50/100kg
Kuala Lumpur Latex: $107.41/100kg compared to $106.44/100kg