FX.co ★ Rubber Futures Hit 2-Week High

Rubber futures have risen to nearly 174 US cents per kilogram, marking the highest level since early December. This surge is primarily fueled by supply concerns in key producing regions. The Thai Meteorological Department (TMD) has predicted heavy rainfall in Southern Thailand from December 12-16, which threatens to further disrupt production. Additionally, ongoing border tensions between leading producer Thailand and rising exporter Cambodia pose potential logistical challenges. Meanwhile, soft economic data emerging from China, the leading consumer, continues to dampen the outlook for natural rubber demand.