TSR20 Rubber Price Rises to USD 141.6 per Kg (Wednesday, December 6, 2023)

Investing.com notes that the TSR20 rubber price today increased by 0.43 percent to SGD 141.6 per kg. This price increase is relatively high compared to the average price movement over the past week.

Throughout this week, the TSR20 rubber price saw its highest jump on Wednesday, December 6, 2023, at 0.43 percent. Trading since the beginning of the year has strengthened, with year-to-date growth of 1.87 percent.

The current situation is similar to previous movements in the TSR20 rubber price, which has been in a declining trend.

Over the past week, the TSR20 rubber price movement slowed by 2.68 percent, with an average daily transaction price of SGD 142.91 per kg. Compared to the price at the beginning of the year, the TSR20 rubber price has grown by 1.87 percent. From its highest price this year at SGD 149.6 per kg, the TSR20 rubber price has fallen by 5.35 percent.

Annually, the average trading price of TSR20 rubber over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price of the TSR20 rubber commodity was recorded in February 2022 at SGD 179.57 per kg.

*update:*
This text has been edited in the title and narrative. Previously, the commodity unit was written as SGD per kg and has been changed to USD per 100kg. For direct reference, please click this source link.