FX.co ★ Rubber Futures Near 1-Month High

Rubber futures edged slightly higher to just above 201 US cents per kilogram, moving closer to the one-month peak of 203 US cents reached on April 1st. The upward trend has been supported by elevated crude oil prices, which are increasing the cost of synthetic rubber, while ongoing geopolitical tensions in the Middle East are heightening concerns over potential disruptions in supply chains for critical inputs. At the same time, supply constraints continue to add upward pressure on prices, as the key producing region of Southeast Asia remains in its low-output “wintering” season through June.