TSR20 Rubber Price Rises for Three Consecutive Days

The price of TSR20 rubber for transactions on Friday, December 22, 2023, increased. Today's TSR20 rubber price trading was recorded at US$147.5 million. This figure is higher than the previous day's trading, which stood at US$145.5 million. The current situation is similar to the movement of TSR20 rubber prices over the past three days, which have been on an upward trend.

Over the past week, the price of TSR20 rubber has grown by 3.44 percent, with an average daily transaction price of US$145.16 million. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of TSR20 rubber has increased by 6.12 percent. Even from its highest price this year of US$149.6 million, the price of TSR20 rubber has fallen by 1.4 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 decrease. The highest average monthly price of TSR20 rubber commodity was recorded in February 2022 at US$179.57 million.

*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.