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Rubber Prices Rise Triggered by Mushroom Pests Attacking Rubber Plants in Thailand

  • i2Matrix
  • 5 November 2019
 
 
Rubber prices rose because of rising crude oil prices and fungus pests attacking rubber plants in Thailand. 
 
March rubber prices on TOCOM rose 0.7 yen to 169.4 yen per kilogram. 
 
The price of rubber futures in TOCOM rose because mushrooms attacked plants in Thailand, the world's largest 
producer, fungus attacks made supplies less. The fungus pest attacking the planting area damages half of the 
production. Thailand as the world's largest rubber producer and exporter produces 40% of the global rubber supply. 
 
December rubber prices in Malaysia SMR20 dropped 55 cents to $ 133.45 per 100 kg. 
 
RSS-3 rubber prices in Thailand rose $ 1.14 to $ 147.90 per 100 kg. 
 
In India rubber prices rose due to rising domestic demand. 
 
Styrene is a synthetic rubber made from gasoline, is a rival to natural rubber, if statistics show an increase then the 
threat to natural rubber, demand is reduced. 
 
Statistical data from customs in September 2019, China imported 298,800 tons of styrene to total 2,194,500 tons. The 
average import price is $ 1040.09 per ton. Imports increased 161,000 tons or 5.8% of the month. China is the next 
largest buyer of Japan, South Korea and Taiwan. 
 
Crude oil prices rose at CME with the rise in styrene prices, which became expensive and buyers bought natural 
rubber. 
 
Translated with Google Translate from https://www.vibiznews.com/2019/11/04/harga-karet-naik-dipicu-kenaikan/)  
 
-- VibizNews 
 
 
 
 
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