London – Natural rubber (NR) prices continued their upward momentum over the recent weeks, with all major Far East markets registering growth.
Prices increased across all markets over the two weeks to 6 Dec, according to ERJ's latest review.
The market seemingly reacted to reports of a possible new round of export cuts and supply disruption caused by the widespread fungal disease across Indonesia, Thailand and Malaysia.
Shanghai SHFE ru2001: Yuan12,810/tonne (6 Dec) compared to Yuan 12,380/tonne (22 Nov)
Tokyo Tocom RSS3 back month: Yen197/kg compared to Yen187/kg
Tokyo Tocom TSR20 back month: Yen149.1 compared to Yen149.1
Singapor SGX TSR20: $1.50/kg compared to $1.42/kg
Kuala Lumpur SMR20: $143.51/100 kg compared to $141.40/100kg
Kuala Lumpur Latex: $109.55/100kg compared to $108.79/kg