Rubber futures rise near 2-month highs on oil and seasonal supply
Rubber futures trade near 225 US cents per kilogram, the highest in two months, with support from elevated oil prices and an anticipated seasonal reduction in supply into September.
Rubber futures rose to near 225 US cents per kilogram, the highest in two months, supported by elevated oil prices and the anticipated seasonal reduction in supply.
Traders looked ahead to tighter supply once Southeast Asia’s peak tapping season concludes in September, when shipments are expected to slow.
Output typically undergo a season of low production from February to May, before a peak harvesting period that lasts until September.