TSR20 Rubber Price Increases Over the Past Seven Days

Investing.com reports that the TSR20 rubber price today increased by 3.31 percent to US$156.1 per 100kg. This price increase is significantly higher than the average price movement over the past week.

This week, the TSR20 rubber price saw its highest surge on Friday, December 29, 2023, at 3.31 percent. It has strengthened by 12.3 percent compared to its year-start position.

The current situation is similar to the TSR20 rubber price movement over the past seven days, which is in an upward trend.

Over the past week, the TSR20 rubber price increased by 8.03 percent, with an average daily transaction price of US$148.96 per 100kg. Compared to its position 30 days ago, the TSR20 rubber price has grown by 4.69 percent. The current TSR20 rubber price is the highest achieved this year.

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 for the TSR20 rubber commodity was recorded in February 2022 at US$179.57 per 100kg.

*Update:*
This article 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.