London – Natural rubber (NR) prices have recovered slightly from a sharp downtrend registered over the recent months.
With the exception of a 1% decline in the Kuala Lumpur SMR20 spot prices, all Far East commodity markets monitored by ERJ saw rubber contracts improve over the three weeks to 15 May.
NR prices experienced a particularly steep fall over the two months of March and April, weighed down by Covid-19 pandemic, slow demand and low crude oil prices.
Shanghai SHFE ru2009: Yuan10,295/tonne (15 May) compared to Yuan 9,960/tonne (24 April) – up 3.3%
Tokyo Tocom RSS3 back month: Yen153 compared to Yen151.5/kg – up 1%
Tokyo Tocom TSR20 back month: Yen123.6/kg compared to Yen120.4/kg – up 2.6%
Singapore SGX TSR20: $1.14/kg compared to $1.10/kg – up 3.6%
Kuala Lumpur SMR20: $109.50/kg compared to $111.20/kg – down 1.5%
Kuala Lumpur Latex: $ 100.7/kg compared to $96.96/kg – up 3.08%