TSR20 Rubber Price Traded at USD 152.1 per Kg This Morning (Monday, January 29, 2024)

Investing.com notes that the TSR20 rubber price today fell 0.59 percent to SGD 152.1 per kg. This price drop is relatively significant compared to the average price movement over the past week.

The TSR20 rubber price saw its highest surge this week on Monday, January 29, 2024, at 0.59 percent. It has weakened by 2.44 percent compared to its year-start position.

The current situation confirms the upward trend in TSR20 rubber prices over the past two days.

Over the past week, the TSR20 rubber price movement slowed by 1.62 percent, with an average daily transaction price of SGD 153.17 per kg. As a result, throughout 2024, the TSR20 rubber price has decreased by -2.44 percent from its year-start position of SGD 155.9 per kg. From its highest price this year at SGD 155.9 per kg, the TSR20 rubber price has fallen by 2.44 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 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 written as SGD per kg and has been changed to USD per 100kg. For direct reference, please click this source link.