ERJ snapshot of natural rubber prices

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– A fire at a major Chinese warehouse for storing natural rubber () (see report) seems to have sparked a rally in prices across the main Far East trading centres (see report).

ERJ snapshot of natural rubber prices

for May Delivery

The incident on 1 Dec, seemed to spark action by buyers in an NR market already concerned about export cuts by the main producing countries and weather-related disruption in some growing regions.

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On the , spot prices for RU1801, the most heavily traded NR future – increased to Yuan14,220/tonne on 5 Dec, 5% above its closing price on 30 Nov.

Japan’s TOCOM followed a similar pattern on 6 Dec with rubber contract deliveries for May closing over ¥10 at 209.3/kg, compared to the spot price of ¥199.5/kg on 30 Nov.

In Bangkok, spot prices for -1 jumped over 3% to $165.45/100kg on 4 Dec, compared to $160.40/100kg at the end of last month. Prices for -3 also rose to $161.95/100kg, again lifting by over 3% compared to the end of November.

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