TSR20 Rubber Price Rises to USD 147.5 per Kg (Friday, December 22, 2023)

Investing.com reports that the TSR20 rubber price today increased by 1.37% to SGD 147.5 per kg. This price increase is considerably higher than the average price movement over the past week.

Yesterday, the TSR20 rubber price saw its highest jump on Friday, December 22, 2023, at 1.37%. Year-to-date (YTD), trading has strengthened by 6.12%.

The current situation is similar to the TSR20 rubber price movement over the past three days, which has been on an upward trend.

Over the past week, the TSR20 rubber price grew by 3.44%, with an average daily transaction price of SGD 145.16 per kg. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the TSR20 rubber price has increased by 6.12%. However, from its highest price this year of SGD 149.6 per kg, the TSR20 rubber price has fallen by 1.4%.

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 over the past 12 months have tended to decline. The highest average monthly price for the TSR20 rubber commodity 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 listed 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).