Rubber Price Monitor: Markets dip

London – Most major natural rubber (NR) futures fell slightly over the two weeks to 2 Oct as oil prices declined amid US presidential debates and concerns over a surge in Covid-19 cases. 

In Shanghai, futures market was closed as of 1 Oct to mark the mid-autumn festival and the Chinese national day. The most-active rubber contract on the SHFE for January delivery posted a slight uptick on the last day of trading 29 Sept. 

Other Far East markets monitored by ERJ registered declines, due mainly to declining benchmark on crude oil prices and uncertainty over US economic stimulus package. 

In Japan the OSE's near-term contracts continued to fall, reversing strong gains made in early September.

In Kuala Lumpur, latex prices were up slightly as demand continued to rise for rubber gloves amid the global pandemic.

Shanghai SHFE ru2101: Yuan12,625/tonne (30 Sept) compared to Yuan12,550/tonne (18 Sept) – up 0.6% 

OSE RSS3 nearby month: Yen183.9/kg (2 Oct) compared to Yen186/kg (18 Sept)– down 1.1% 

Singapore SGX TSR20: $1.35/kg compared to $1.38/kg – down 2.1%

Kuala Lumpur SMR20: $ 136.70/kg compared to $137.40/kg – down 0.5%

Kuala Lumpur Latex: $ 121.15/kg compared to $120.62/kg – up 0.4%