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SGX taps more volumes on bouncy rubber prices

Singapore

THE Singapore Exchange's Sicom rubber futures - the global price benchmark for physical rubber - could see volumes jump over 10 per cent this year owing to heightened volatility in natural rubber prices, said the exchange's commodities head William Chin.

"That's one million (metric) tonnes over from last year and it's quite significant," Mr Chin told The Business Times in an interview.

The projection is based on trading patterns in the January-April period.

Between January and April, SGX-Sicom's rubber futures continued to lead in the international market, with over half of the market share, he added.

April alone was a "good month" with Sicom's two futures contracts, TSR 20 and RSS 3, having...

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