TSR20 Rubber Price Falls for Five Consecutive Days
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Investing.com reports that the TSR20 rubber price today fell 0.85 percent to US$175.3 per 100 kg. This price drop is considerably higher than the average price movement over the past week.
This week, the TSR20 rubber price saw its highest surge on Tuesday, September 3, 2024, falling 0.79 percent. It has strengthened by 12.44 percent compared to its year-to-date position.
The current situation is similar to the TSR20 rubber price movement over the past five days, which has been on an upward trend.
Over the past week, the TSR20 rubber price movement grew by -2.56 percent, with an average daily transaction price of US$179.26 per 100 kg. As a result, throughout 2024, the TSR20 rubber price has increased by 12.44 percent from its year-to-date position of US$155.9 per 100 kg. Even from its highest price this year at US$183.7 per 100 kg, the TSR20 rubber price has fallen by 4.57 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 increase. The highest average monthly price of the TSR20 rubber commodity was recorded in September 2024 at US$176.77 per 100 kg.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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