Rubber futures have been rising since December 11th, getting closer to an over 3-year high of 308.8 JPY/Kg hit on October 30th, as global production has been reduced by flood and fungal diseases in Southeast Asia. At the same time, strong demand for medical gloves in the wake of rising coronavirus cases and from the auto industry has continued to support prices.
Historically, Rubber reached an all time high of 526.40 in February of 2011. Rubber - data, forecasts, historical chart - was last updated on December of 2020.
Rubber is expected to trade at 262.19 JPY/kg by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 229.72 in 12 months time.