Latest Update: Rubber Bulletin — March 2020

LMC Rubber Bulletin - March 2020

Update: While recent rubber price developments have been dominated by the impact of COVID-19 on global economic growth, the failure of oil producers to agree to production restrictions and the subsequent increasing of output by Saudi Arabia has pushed crude oil prices significantly lower, falling by 13% during February and by over 50% by early March. As a result, SGX TSR20 futures prices fell by 9% in February, and have now fallen further in March to date.

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