Asian spot rubber prices higher on December 14

Asian spot rubber prices higher on December 14 On Friday, December 14, Asian spot rubber prices saw an overall increase, continuing the positive momentum from recent trading sessions. Market participants noted a slight slowdown in transactions ahead of the weekend, as traders took a more cautious approach before the holiday break. The Thai market remained active, with the price of Thai-grade standard rubber (STR20) for January shipment settling at $2,940 per ton, FOB benchmark. Meanwhile, the price of Thailand’s No. 3 smoke sheet rubber (RSS3) for January/February delivery rose to 310–312 cents per kilogram, up from 307–309 cents the previous day. Similarly, the price of STR20 for January–February shipments increased to 300–302 cents per kilogram, compared to 297–299 cents the day before. In Indonesia, tire-grade standard rubber SIR20 for the same period was reported at 288–289 cents per kilogram, up from 286–287 cents. Malaysian standard grade rubber SMR20 also saw a small rise, holding steady at 292–293 cents per kilogram, matching the previous day's levels. Overall, the market showed signs of stability and modest growth, driven by firm demand and limited supply. Traders are closely monitoring global economic indicators and weather patterns, which could influence future price movements. With the end of the year approaching, market sentiment remains cautiously optimistic.

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