London – Natural rubber (NR) prices remained subdued in the week to 17 April, as Covid-19 continued to slow down demand.
Price developments remained marginal across the Far East commodity markets monitored by ERJ, while the most active rubber contract on the Shanghai futures fell by nearly 2%.
Global lockdowns in the face of Covid-19, low crude oil prices and slow demand from tire makers have been weighing on NR prices over the recent months.
Shanghai SHFE ru2009: Yuan9,950 (17 April) compared to Yuan10,140/tonne (10 April) – down 1.9%
Tokyo Tocom RSS3 back month: Yen153.9/kg compared to Yen153/kg – up 0.6%
Tokyo Tocom TSR20 back month: Yen123.5/kg compared to Yen127.5/kg – down 3.1%
Singapore SGX TSR20*: $1.13/kg compared to $1.14/kg - down 1%
Kuala Lumpur SMR20: $112.69/kg compared to $110.61/kg– up 1.8%
Kuala Lumpur Latex: $97.36/kg compared to $96.08/kg – up 1.3%
*Singapore’s SGX was closed to mark Good Friday on 10 April and figures reflect prices at the end of business on 9 April.