bearish
Malaysian Border Reopening Providing Support To Rubber Industry
3 Views18 May 2022 17:39
Standard Malaysian Rubber (SMR) 20 prices trended downwards by approximately 7.6pc for the first two weeks in May 2022, as per Helixtap data. Market intelligence data collected by Helixtap suggests that the SMR 20 price in the middle of the month was around USD$1,675/t, the lowest since the start of this year. Such a trend was largely due to a drop in demand from China after lockdowns were announced in Shanghai due to their zero Covid policy.
What is covered in the Full Insight:
- Introduction
- SMR 20 Price Trends
- Trade and Production Data
- Impact of Border Reopening
- Future Outlook
SUMMARY
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