TSR20 Rubber Price Falls to USD 144.7 per Kg (Tuesday, November 28, 2023)

Investing.com notes that the TSR20 rubber price today fell 0.55 percent to SGD 144.7 per kg. This price drop is considerably higher than the average price movement over the past week.

The TSR20 rubber price saw its highest jump this week on Tuesday, November 28, 2023, at 0.55 percent. It has strengthened by 4.1 percent compared to its year-to-date position.

The current situation complements the TSR20 rubber price movement over the past two days, which has been on an upward trend.

Over the past week, the TSR20 rubber price movement slowed by 1.3 percent, with an average daily transaction price of SGD 146.47 per kg. As a result, throughout 2023, the TSR20 rubber price has increased by 4.1 percent from its year-start position of SGD 139 per kg. Even from its highest price this year at SGD 149.6 per kg, the TSR20 rubber price has fallen by 3.28 percent.

Annually, the average TSR20 rubber price trade 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 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.