Rubber price per pound 2018-2019

As of November 2019, the price of rubber amounted to 1.54 U.S. dollars per kilogram. The average annual price of natural rubber at the Singapore Commodity Exchange (one of the key global commodity exchanges for rubber) reached a high of 4.82 U.S. dollars per kilogram in 2011. Since then, the price decreased to an annual average of 1.57 U.S. dollars per kilogram in 2018.

Rubber prices and rubber producers

Rubber is a widely used material, in both naturally and synthetically sourced forms. Companies use it in the manufacturing of tires and tubes, rubber gloves, latex condoms, erasers, in adhesives and coatings, nozzles, as elastic material in clothing, and more. Accordingly, rubber is an important commodity due to its numerous uses in everyday items.  

Rubber prices and rubber producers

  As with other internationally traded commodities that have relatively low market prices, low rubber prices have a negative impact on the rubber producers themselves. The resulting issues of poverty for natural rubber producers has led to the creation of the Fair Rubber Association (FRA), which is a multi-stakeholder association that aims to improve the lives and working conditions of the primary producers by utilizing Fair Trade principles.

Monthly price of rubber at the Singapore Commodity Exchange from November 2018 to November 2019

Price in U.S. dollars per kilogram
Nov 191.54
Oct 191.43
Sep 191.5
Aug 191.5
Jul 191.67
Jun 191.93
May 191.77
Apr 191.72
Mar 191.72
Feb 191.65
Jan 191.59
Dec 181.44
Nov 181.35
Oct 181.43
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Sources

Release date

December 2019

Region

Worldwide

Survey time period

November 2018 to November 2019

Supplementary notes

* Rubber prices based on the following specifications: Rubber, No. 3 Smoked Sheet (RSS3), Singapore Commodity Exchange.

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Statistics on "Rubber"

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