SGX SICOM: derivatives exchange in Singapore
SGX SICOM is the Singapore exchange segment associated primarily with natural rubber. Singapore, Singapore · International natural rubber benchmarks.
AGR-012 · Derivatives exchange · Singapore, Singapore · USD
International natural rubber benchmarks
SGX SICOM is the Singapore exchange segment associated primarily with natural rubber. It is included in this agricultural directory because rubber is a plantation crop, even though its main customers are industrial manufacturers. Its quotations matter to producers, processors, exporters and buyers, including businesses in the tyre supply chain. Singapore acts as a trading and financial centre; the market’s name does not imply that all plantations, warehouses or delivery points are located in Singapore.
TSR20 and RSS3 refer to different rubber standards. Their prices should not be combined without considering grade and product form. The first nine months of 2025 show very different trading volumes for the two contracts, a useful reason to assess liquidity separately. These are partial-year figures rather than full-year totals. A settlement price for a lightly traded expiry also does not demonstrate that a large order can immediately be executed at that level. Review actual activity and available bids and offers when the purpose is a transaction rather than market observation.
A physical rubber purchaser should agree the standard, producer or origin, laboratory parameters, packaging, lot size and shipment date. The benchmark may support a premium-or-discount pricing formula, but does not replace an industrial quality specification. A seller should ensure that the offered material matches the grade used for comparison. If a supply agreement refers to SGX, specify the product, expiry, price source and unit conversion to avoid disagreement when the invoice is calculated. Freight and the timing of ownership transfer should be addressed separately from the benchmark component.
The SICOM product page links to delayed quotations, settlement prices and delivery statistics. Reports distinguish sessions as well as volume and open interest. Check the date and unit description instead of assuming every display is in USD per tonne; US cents per kilogram are also used in rubber pricing. Exchange orders require an appropriate broker and margin funding. Before physical settlement, confirm the applicable delivery arrangements and eligibility. For a user seeking information only, the most practical approach is to follow the relevant grade and compare it with actual supplier offers on a consistent quality and logistics basis. Retaining the original quotation unit, shipment period and source date makes later comparisons easier and helps distinguish a market movement from a change in freight, grade or supplier terms.
What is priced: Coffee, cocoa, tea, sugar, cotton, rubber and spices
Where to find the prices
Products and quotations
TSR20 rubber; RSS3 rubber; TSR20 rubber options
Key figures
- TSR20 futures volume: 2,643,459 contracts (01–09). 2025. Calendar year to date.
- RSS3 futures volume: 1,883 contracts (01–09). 2025. Calendar year to date.
Sources
- SGX — September 2025 statistics
- SGX — SICOM Rubber
- SGX — example settlement report
All agricultural exchanges, markets and price sources
