Rubber futures rose slightly above 201 US cents per kilogram, approaching a one-month high of 203 US cents hit on April 1st. Geopolitical tensions in the Middle East, along with elevated crude oil prices, are driving up synthetic rubber costs, boosting demand for natural rubber. Global shipping disruptions continue to pose risks to the supply of critical raw materials such as chemicals, petrochemical derivatives, and synthetic rubber. At the same time, supply remains constrained as Southeast Asia, the main producing region, stays in its low-production “wintering” season until June.
Today Markets
