TSR20 Rubber Price Rises for Seven Consecutive Days

The price of TSR20 rubber for transactions on Friday, December 29, 2023, increased. Today's TSR20 rubber price trading was recorded at US$156.1 million (Rp). This figure is higher than the previous day's trading, which stood at US$151.1 million (Rp). The current situation is similar to the upward trend of TSR20 rubber prices over the past seven days.

Over the past week, TSR20 rubber prices have grown by 8.03%, with an average daily transaction price of US$148.96 million (Rp). Compared to the position 30 days ago, the price of TSR20 rubber has grown by 4.69%. This current trading price of TSR20 rubber represents the highest point reached this year.

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 decrease. The highest average monthly price of TSR20 rubber was recorded in February 2022 at US$179.57 million (Rp).

*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](https://api2.sgx.com/sites/default/files/2023-06/SGX%20SICOM%20Rubber%20Contracts%20%28Eng%29_%28updated%20on%2029%20May%202023%29_0.pdf).