TSR20 Rubber Price Increases for Four Consecutive Days

The price of TSR20 rubber for transactions on Tuesday, December 26, 2023, increased. Today's TSR20 rubber price trading was recorded at US$147.9 million. This figure is higher than the previous day's trading, which was at US$147.5 million. The current situation completes the upward trend of TSR20 rubber prices over the past four days.

Over the past week, the price of TSR20 rubber has grown by 2.78 percent, with an average daily transaction price of US$145.73 million. Compared to the price at the beginning of the year, the price of TSR20 rubber has grown by 6.4 percent. Even from its highest price this year at US$149.6 million, the price of TSR20 rubber has fallen by 1.14 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 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.