London – Natural rubber (NR) prices plunged across all Far East markets as the outbreak of the deadly coronavirus in China impacted the prices of all commodities.
ERJ's snapshot of the markets showed price declines of between 6% and 11% across the region, over the two weeks to 7 Feb.
The coronavirus outbreak weighed down on an already slow economy following the Chinese New Year on 31 Jan and weak natural rubber prices earlier in January.
Shanghai SHFE ru2005: Yuan 11,330/tonne (7 Feb) compared to Yuan 12,085/tonne (23 Jan)
Tokyo Tocom RSS3 back month: Yen175.2/kg compared to Yen191/kg
Tokyo Tocom TSR20 back month: Yen153.1/kg compared to Yen167.4/kg
Singapore SGX TSR20: $1.32/kg compared to $1.44/kg
Kuala Lumpur SMR20: $130.87/100kg compared to $147.05/100kg
Kuala Lumpur Latex: $108.22/100kg compared to $115.57/100kg