Overview of 1 kg Rubber Price in Assam
As of today, the 1 kg rubber price in Assam is influenced by various market factors, particularly the global trends in rubber futures, currency fluctuations, and regional production challenges.
Current Rubber Prices
- Japanese Rubber Futures: These prices have fallen to about 328.2 yen ($2.11) per kg, impacting overall market sentiment.
- Shanghai Futures Exchange (SHFE): January rubber is priced at 15,285 yuan ($2,160.18) per metric ton, affecting pricing dynamics across Asia.
Influences on Prices
- Stronger Yen Impact: The recent appreciation of the yen (up 0.47% against the dollar) is making rubber less affordable for other currency holders, which may affect the local pricing in Assam.
- Weather Conditions: Flooding in southern Thailand is expected to disrupt production, reducing supply and potentially increasing prices in Assam as raw material availability tightens.
- Weaker Demand: The vehicle tire market is seeing lower demand, with manufacturers limiting purchase orders, which is likely to keep regional prices restrained.
- International Market Trends: With oil prices rising due to OPEC decisions, the competition between natural and synthetic rubber could affect pricing strategies in Assam.
Conclusion
1 kg rubber price in Assam is currently under pressure from a combination of strong currency impacts, production disruptions due to flooding, and declining demand in the tire manufacturing sector. Market participants should stay updated on these trends for better price forecasting.
