NR MARKET The sudden volatility in natural rubber prices in the Brazilian market is unequivocally linked to the elections results in North America.
The last few weeks natural rubber surprised us all with a strong rally. This sudden volatility is a byproduct of a series of phenomenons that took place, specially in the first week of November 2016, on the world economy unequivocally linked to the elections in North America. On Singapore the TSR-20 reached USD 1,77/kg on the 11th, starting this week falling in search of support around USD 1,66.
The surge in prices that started in October continues, supported mainly over the shortage of supply also accompanied by better data from the North American economy.
To that last factor we must add the anxiety of the markets towards the changes in the US politics and economics in face of a Republican Presidency.
This story is from the November - December 2016 edition of Rubber Asia.
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This story is from the November - December 2016 edition of Rubber Asia.
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