TSR20 Rubber Price Traded at USD 145.7 per Kg This Afternoon (Wednesday, November 22, 2023)

The price of TSR20 rubber for transactions on Wednesday, November 22, 2023, decreased. Today's TSR20 rubber price traded at SGD 145.7 per kg. This is lower than the previous day's trading price of SGD 147.4 per kg. This current condition concludes the upward trend in TSR20 rubber prices over the past two days.

Over the past week, the movement of TSR20 rubber prices slowed by 0.55 percent, with an average daily transaction price of SGD 147.8 per kg. As a result, throughout 2023, the price of TSR20 rubber has increased by 4.82 percent from its year-start position of SGD 139 per kg. The highest trading value for TSR20 rubber this year was SGD 149.6 per kg, which occurred on Tuesday, October 17, 2023.

Annually, the average trading price of TSR20 rubber over the past five years has shown an upward trend. Meanwhile, monthly price monitoring shows that transactions in the last 12 months have tended to decrease. The highest average monthly price for TSR20 rubber was recorded in February 2022 at SGD 179.57 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.