TSR20 Rubber Price Rises to USD 166 per Kg (Thursday, March 28, 2024)

Investing.com notes that the TSR20 rubber price today increased by 3.49 percent to SGD 166 per kg. This price increase is relatively high compared to the average price movement over the last week.

This week, the TSR20 rubber price saw its highest surge on Thursday, March 28, 2024, at 3.49 percent. It has strengthened by 6.48 percent compared to its year-to-date opening price.

The current situation is similar to previous movements of the TSR20 rubber price, which is currently on an upward trend.

Over the past week, the TSR20 rubber price movement slowed by 2.87 percent, with an average daily transaction price of SGD 164.96 per kg. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the TSR20 rubber price has increased by 6.48 percent. However, from its highest price this year at SGD 173.3 per kg, the TSR20 rubber price has fallen by 4.21 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 April 2022 at SGD 170.55 per kg.

*Update:*
This article 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.