London – Natural rubber (NR) prices across all major Far East markets registered strong improvements, according to ERJ’s latest snapshot of the markets.
The pick-up reflects market sentiment amid forecast of big drops in NR output, caused by weak tapping and leaf disease.
According to figures released by the Association of Natural Rubber Producing Countries (ANRPC) on 18 Nov, the world NR production fell 7.3% year-on-year to 7.039 million tonnes during the first seven months of 2019.
Total production was hit by the outbreak of Pestalotiopsis leaf disease in the rubber producing states, with Indonesia estimating a 15% decline in annual output.
Shanghai SHFE ru2001: Yuan 12,380/tonne (22 Nov) compared to Yuan 11,885/tonne (1 Nov)
Tokyo Tocom RSS3 back month: Yen187/kg compared to Yen172.1/kg
Tokyo Tocom TSR20 back month: Yen149.1 compared to Yen148.9/kg
Singapor SGX TSR20: $1.42/kg compared to $1.34/kg
Kuala Lumpur SMR20: $141.40/100kg compared to $133.20/100kg
Kuala Lumpur Latex: $ 108.79/kg compared to $105.24/100kg