TSR20 Rubber Price Rises to SGD 149.4 per Kg (Monday, November 20, 2023)

Investing.com notes that the TSR20 rubber price today increased by 1.91 percent to SGD 149.4 per kg. This price increase is relatively high compared to the average price movement over the past week.

Yesterday, the TSR20 rubber price experienced its highest surge on Monday, November 20, 2023, at 1.91 percent. It has strengthened by 7.48 percent compared to its year-start position.

The current situation is similar to previous TSR20 rubber price movements, which are in an upward trend.

Over the past week, the TSR20 rubber price movement grew by 1.01 percent, with an average daily transaction price of SGD 147.79 per kg. As a result, throughout 2023, the TSR20 rubber price has increased by 7.48 percent from its year-start position of SGD 139 per kg. Even from its highest price this year at SGD 149.6 per kg, the TSR20 rubber price has fallen by 0.13 percent.

Annually, the average TSR20 rubber price trade over the past five years has been in an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. 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 listed as SGD per kg and has been changed to USD per 100kg. For direct reference, please click this source link.