Rubber

Rubber futures were trading around 136 USD cents /kg in early January, the highest since December 16th, amid continued hopes of an economic recovery by top buyer China following the relaxation of its strict Covid-19 curbs and borders reopening. On the production side, the International Rubber Consortium said output might not increase "at a large scale" in the coming months by the three major producing countries: Thailand, Indonesia, and Malaysia. Such prediction is mainly prompted by the spread of the leaf disease, variable weather conditions, rising climate temperatures, and low fertiliser input driven by elevated costs. Rubber prices were down nearly 28% in 2022 because of excess supply and subdued demand from China.

Historically, Rubber reached an all time high of 526.40 in February of 2011. Rubber - data, forecasts, historical chart - was last updated on January of 2023.

Rubber is expected to trade at 130.31 US Cents/kg by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 123.97 in 12 months time.