18 Mar 2022
Most markets decline in two weeks to 11 March on fluctuating crude prices
London – Physical and future natural rubber (NR) markets were uncertain during the two weeks to 11 March on the back of ongoing war in Ukraine and fluctuating crude prices.
Compared to 25 Feb, Shanghai Futures’ weekly average for the most active rubber contract for May delivery closed just under 1% lower at Yuan13,825/tonne on 11 March.
Japan's Osaka Exchange rubber contract for July delivery saw the biggest decline at 6.5% compared to two weeks ago, on fluctuating oil prices, commodity supply-chain disruptions and softer Japanese economic recovery forecast.
In physical markets, Kottayam RSS4 was up 1.8%, as demand picked up following a period of short supply.
Kuala Lumpur SMR20 posted a slight decline compared to two weeks before.
|
Market |
25 February – 11 March |
Change |
|
Shanghai SHFE ru2205: |
Yuan13,955/tonne to Yuan13,825/tonne |
-0.9% |
|
Osaka RSS3: |
Yen261.3/kg to Yen244.1/kg |
-6.5% |
|
Singapore SGX TSR20: |
$181.5/100kg to $177.5/100kg |
-2.2% |
|
Kottayam RSS4: |
$215.79/100kg to $219.73/100kg |
+1.8% |
|
Kuala Lumpur SMR20: |
$180.91/100kg to $178.97/100kg |
-1.1% |
|
Kuala Lumpur Latex: |
$166.07/100kg to $171.80/100kg |
+3.4% |
Subscribe for unlimited access. A subscription to European Rubber Journal includes:
Already a subscriber? Log in here
