📉 Global rubber markets opened weaker today, with futures prices falling in Japan, China, and Singapore after two days of gains. Lower crude oil prices and cautious buying by manufacturers are weighing on market sentiment.
🔹 Japan (OSE)
• November rubber futures fell 1.24% to 430.7 yen/kg.
• Buyers remain cautious as raw material prices stay high.
🔹 China (SHFE)
• September rubber futures dropped 1.57% to 17,920 yuan/ton.
• Chinese factories are slowing fresh purchases as many still have adequate rubber inventories.
🔹 Singapore (SICOM)
• TSR20 futures declined 1.9% to 230 US cents/kg.
• Regional rubber markets are showing mild weakness.
📌 Key Factors Affecting Rubber Price Today Kerala
✅ Strong tyre production in China continues to support natural rubber demand.
✅ Healthy tyre exports and strong heavy truck sales are helping limit price declines.
✅ Thailand’s RSS3 and block rubber prices remain near 9-year highs, supporting global rubber values.
⚠️ Crude oil prices softened after easing geopolitical tensions, creating pressure on commodity markets.
⚠️ Higher rubber prices are making manufacturers cautious about new purchases.
🌧️ Kerala Rubber Market Outlook
Rubber prices in Kerala are expected to remain supported by strong international raw material prices. However, weakness in global futures markets may create short-term pressure on buying sentiment.
📊 Market Sentiment Today: Slightly Bearish
While Japan, China, and Singapore rubber futures are trading lower, strong tyre demand and firm raw material prices continue to provide underlying support to the natural rubber market.
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