Helixtap Physical Rubber And Futures Price Analysis: Rubber Prices Likely To See Recovery Once The Supply Overhang Clears

In line with worsening rubber demand, prices in the market were seen to fall across the board so far this year. Amongst the rubber grades, Indonesian rubber registered the largest decline of 30% while African rubber decreased least by 24%. In the SICOM Futures, a similar price decrease to the physical market was recorded at 27%. On the whole, rubber prices in the physical and futures markets followed a consistent pattern since the end of March this year. Short term moving averages indicated a fa