London – Natural rubber (NR) futures moved along an increasing trajectory during August 2020 as all Far East markets monitored by ERJ posted gains.
The most-active rubber contract on the Shanghai futures exchange for January delivery continued recovery, showing a slight growth in the four weeks to 4 Sept.
In Japan the OSE's near-term contracts posted a sharp increase during the period, disproportionate to the increases made by rubber futures in Shanghai or Singapore.
Latex prices also made gains during the four-week period, reversing a downward trend earlier in July.
In its latest NR trends update, the Association of Natural Rubber Producing Countries (ANRPC) linked the “dynamic” trend to a rebound in the Chinese economy, the weakening of the US dollar and improvement in crude oil prices.
Shanghai SHFE ru2101: Yuan 12580/tonne (4 Sept) compared to 12,535/tonne (7 Aug) – up 0.3%
OSE RSS3 nearby month: Yen199/kg compared to Yen169.3/kg compared to Yen159.0/kg – up 17.5
Singapore SGX TSR20: $1.39/kg compared to $1.35/kg – up 2.9%
Kuala Lumpur SMR20: $135.75/kg compared to $133.40/kg – up 1.7%
Kuala Lumpur Latex: $116.26/kg compared to $114.46/kg – up 1.5%