FX.co ★ Rubber Futures at 1-Week High

Rubber futures have risen to over 170 US cents per kilogram, reaching a one-week peak. This increase is partly attributed to rising oil prices, which make synthetic alternatives less appealing. However, the demand forecast is still uncertain due to tepid demand from China and persistent supply-chain disruptions impacting the global automotive industry. On the supply front, key rubber-producing nations in Southeast Asia, such as Thailand, Vietnam, and Indonesia, are contending with unfavorable weather conditions following the passage of powerful typhoons through the region.