NR futures finished the first trading week of December lower across all major exchanges, pressured by renewed speculative selling and long liquidation. Traders who had built long positions ahead of the year-end monsoon season and flooding in major producing regions “missed the expected rally,” said Japan Exchange Group (JPX). Weaker rubber demand from Europe, the ongoing impact of US tariffs, and high inventory levels in China continued to cap gains, exerting pressure throughout recent sessions, JPX added. The “broadly flat forward curve” suggests prices are likely to remain weak in the coming weeks. Meanwhile, disruption due to flooding in southern Thailand was said to have had only limited the impact on NR prices.
Selected rubber futures price trends on major trading exchanges
Exchange
Commodity
Delivery
Week to 28/11/25
Week to 5/12/25
% Change
Osaka
RSS3
Jan‘26
342.0 (JPY)
322.8 (JPY)
-5.6%
SHFE
SCR/RSS
Jan‘26
15,395 (CNY)
15,000 (CNY)
-2.6%
INE
TSR
Jan‘26
12,265 (CNY)
12,020 (CNY)
-2.0%
SICOM
TSR20
Jan‘26
172.7 (US$c)
171.5 (US$c)
-0.7%
SHFE
BR
Dec‘25
10,415 (CNY)
10,445 (CNY)
+0.3%
(ERJ calculation for selected futures pricing, as tracked by JPX)
November TSR20 pricing data from Rubber Trade Association of Europe