London – Natural rubber (NR) prices remained depressed over the recent weeks, reflecting uncertain market sentiment caused by Covid-19.
The most-active rubber contract on the Shanghai futures exchange for September delivery fell 3% to over the two weeks to 26 June.
With the exception of Tokyo Tocom TSR20 back month, which registered a 7.5% increase, all other major Far East markets monitored by ERJ reported declines or remained flat.
Over the months of May and June, rubber futures markets generally reacted positively to the economic and market developments, improving between roughly 4% and 10% compared to late March.
Shanghai SHFE ru2009: Yuan 10060/tonne (26 June) compared to Yuan10,375/tonne (12 June) – down 3%*
Tokyo Tocom RSS3 back month: Yen155.2/kg compared to Yen159/kg – down 2.4%
Tokyo Tocom TSR20 back month: Yen129/kg compared to Yen120.3/kg – up 7.5%
Singapore SGX TSR20: $1.19/kg compared to $1.21/kg – down 1.6%
Kuala Lumpur SMR20: $115.10/kg compared to $114.25/kg – up 0.75 %
Kuala Lumpur Latex: $115.11/kg compared to $115.55/kg compared – 0.4%