London – Natural rubber (NR) prices tracked a positive trend in the first two weeks of June in the majority of markets monitored by ERJ.
The improvements continue a marginal recovery registered throughout the month of May in the Far East markets.
May saw an easing of Covid-19 lockdown measures across major global markets as well a 4.4% increase in vehicle sales in China.
The regional rubber futures markets have generally reacted positively to the economic and market developments, improving between roughly 4% and 10% compared to late March.
Last month also saw the recovery of crude oil prices and signs of improving demand, which contributed to the lifting to NR prices.
Shanghai SHFE ru2009: Yuan10,375/tonne (12 June) compared to Yuan10,165/tonne (29 May) – up 2.0%
Tokyo Tocom RSS3 back month: Yen159/kg compared to Yen153.5/kg – up 3.6%
Tokyo Tocom TSR20 back month: Yen120.3/kg compared to Yen124/kg – down 3%
Singapore SGX TSR20: $1.21/kg compared to $1.16/kg – up 4.3%
Kuala Lumpur SMR20: $114.25/kg compared to $111.90/kg – up 2.1%
Kuala Lumpur Latex: $115.55/kg compared to $104.57/kg – up 10.5%