BR Rubber Surges 4.48% on May 18 as Brent Crude Rises Amid Middle East Tensions

According to Jin10 Futures, on May 18, BR rubber futures main contract br2606 surged to 16,195 points, up 695 points or 4.48%. The rally was driven by rising Brent crude oil prices following escalating Middle East geopolitical tensions, including an Israeli airstrike on Gaza that killed Hamas military chief Yahya Sinwar and a collapse in U.S.-Iran nuclear talks, prompting fresh threats of military action.

As a downstream petroleum refining product, BR rubber benefited from stronger crude oil costs. Supply-side support came from partial maintenance of diene feedstock units. Demand recovered as tire manufacturers resumed production after the May holiday period, with tire companies reporting decent export orders and low finished inventory levels supporting quick production resumption.