Rubber Slumps to February Lows
2026-03-20 12:05
By
Joana Ferreira
1 min. read
Rubber prices dropped below 190 US cents per kilogram, their weakest since early February, pressured by a stronger dollar and fading supply concerns.
Attention now turns to the April–May harvest peak, which could ease downward momentum as wintering ends and tapping restarts.
Yet, demand remains resilient, backed by strong Asian auto production.
Geely, for instance, targets 640,000 overseas vehicle sales in 2026, a 50% year-on-year jump.
Meanwhile, central banks globally flagged risks from soaring oil prices tied to the Middle East conflict, which may indirectly support rubber: since synthetic rubber is petroleum-derived, rising crude costs could lift input prices, providing a floor for the market.