OREANDA-NEWS. Benchmarks SICOM TSR 20 and SICOM RSS 3 averaged US$1.260/kg and US$1.581/kg in June, decreasing 8% and 6% from a month ago respectively.

Rubber prices in June may have averaged lower than in May, but they have stayed relatively supported, despite Brexit, on news that heavy rains, particularly in Southern Thailand, have disrupted tapping and production.

SGX SICOM rubber futures traded a total of 79,418 contracts (397,090MT) in June, with daily volume averaging 3,610 lots. Combined open interest in SGX SICOM rubber futures ended June at 52,548 contracts (262,740MT),  increasing 28% from a month ago.

Record smashing start to the quarter - Trading in SGX SICOM rubber futures started 3Q 2016 with remarkable volumes, averaging 11,241 lots for the first 5 trading days of July, accounting for a majority of the international market share for some days.