CEO, Helixtap

Farah Miller

Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Commodities

<ul><li>HighlightsProduction at 263,000 tons in five months up to August  Consumption in five months at 573,000 tons Import increases in five months by 32,983 tons Indian rubber production and consumption have registered single-digit growth in the five months of this fiscal (Apr 22 to Mar 23) leading to August 2022, while imports have gone up by double digits, signaling a revival in the market activity, including the downstream tire and automobile sectors that emerge from the pandemic.Domestic NR production for April to August 2022 is provisionally estimated by the Rubber Board at 263,000 tons, up 3.5% compared to 254,000 tons during the corresponding period last year.</li><li>Interventions of the Board in promoting rain guarding and other appropriate agronomic practices, reining in diseases, and adopting untapped areas contributed to the increase in production.Consumption of NR for April to August has been estimated at 573,000 tons compared to 524,000 tons during the same period the previous year, registering a growth of 9.4%.</li><li>The auto tire sector also reported an uptick of 5.4% from April to August, while the general rubber goods sector saw a 20.4% growth.</li></ul>

HighlightsProduction at 263,000 tons in five months up to August  Consumption in five months at 573,000 tons Import increases in five months by 32,983 tons Indian rubber production and consumption have registered single-digit growth in the five months of this fiscal (Apr 22 to Mar 23) leading to August 2022, while imports have gone up by double digits, signaling a revival in the market activity, including the downstream tire and automobile sectors that emerge from the pandemic.Domestic NR production for April to August 2022 is provisionally estimated by the Rubber Board at 263,000 tons, up 3.5% compared to 254,000 tons during the corresponding period last year.Interventions of the Board in promoting rain guarding and other appropriate agronomic practices, reining in diseases, and adopting untapped areas contributed to the increase in production.Consumption of NR for April to August has been estimated at 573,000 tons compared to 524,000 tons during the same period the previous year, registering a growth of 9.4%.The auto tire sector also reported an uptick of 5.4% from April to August, while the general rubber goods sector saw a 20.4% growth.

India Imports Upstage Production, Consumption Growth

<ul><li>An increase in speculative selling was observed in the futures market for rubber in the past week, with prices across the board falling throughout the exchanges.</li><li>The price behaviour in the past week is shown to be in contrast to the slight bump in prices after the Chinese holidays in previous years.</li><li>Prices retraced most of the gains made in OSE over the last week, and fell lower than the fortnight before in SHFE/INE and in SGX.</li></ul>

An increase in speculative selling was observed in the futures market for rubber in the past week, with prices across the board falling throughout the exchanges.The price behaviour in the past week is shown to be in contrast to the slight bump in prices after the Chinese holidays in previous years.Prices retraced most of the gains made in OSE over the last week, and fell lower than the fortnight before in SHFE/INE and in SGX.

Helixtap JPX Report Summary: A Slide In Rubber Prices Contrary To Expectations post-Chinese Golden Week

Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

<ul><li>Mixed feelings around the outcome of the congress meeting </li><li>Prices likely to breach the US$1300/mt level</li><li>Rains support Thai spot prices </li></ul>

Mixed feelings around the outcome of the congress meeting Prices likely to breach the US$1300/mt levelRains support Thai spot prices 

Market Slumps Post Golden Week, Anticipation Around China Congress Meeting

<ul><li>DGTR finds positive evidence of likelihood of dumping </li><li>New tires larger than 16" for trucks & buses to face measure </li><li>Duties of $452.33/tonne first imposed in 2017 to continue</li></ul>

DGTR finds positive evidence of likelihood of dumping New tires larger than 16" for trucks & buses to face measure Duties of $452.33/tonne first imposed in 2017 to continue

India To Extend ADD On China Tire For Another Three Years

<ul><li>Success of AETS relies on how much volume is cut</li><li>Governmnet has to be a net buyer for the cut to translate to price support </li><li>Smaller rubber-producing countries and noncompliance - biggest bottleneck </li></ul>

Success of AETS relies on how much volume is cutGovernmnet has to be a net buyer for the cut to translate to price support Smaller rubber-producing countries and noncompliance - biggest bottleneck 

IRCO Aims To Boost Prices Below 7 Year Average, Success Questionable

Singapore

SGX Technically Specified Rubber 20 (TSR20) Futures: Effective from 16th May 2011, this contract will be migrated from SICOM platform to the SGX-DT platform. It will cease trading on SICOM at the close of business day Friday, 13th May 2011. Trading hours are revised as 7.55am to 6.00pm (no lunch break). Please refer to SGX products website for the new revised contract specifications. Exchange symbol: TF. Product Specifications: https://www2.sgx.com/derivatives/products/sicom-rubber?cc=TF

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Rubber Future SGX TSR20 (ORA COMDTY)

India Imports Upstage Production, Consumption Growth

Indian rubber production and consumption have registered single-digit growth in the five months of this fiscal (Apr 22 to Mar 23) leading to August...

Helixtap

Helixtap JPX Report Summary: A Slide In Rubber Prices Contrary To Expectations post-Chinese Golden Week

An increase in speculative selling was observed in the futures market for rubber in the past week, with prices across the board falling throughout...

Helixtap

Market Slumps Post Golden Week, Anticipation Around China Congress Meeting

The market, largely driven by weak macroeconomic indicators, failed to keep the optimism post-Golden week holidays contrary to the market...

Helixtap

India To Extend ADD On China Tire For Another Three Years

The Indian Government is set to extend the antidumping duty (ADD) on importing new tires from China for another three years, with the Director...

Helixtap

IRCO Aims To Boost Prices Below 7 Year Average, Success Questionable

International Rubber Consortium Ltd (IRCO) is poised to conduct discussions to steady the outflow of rubber supplies in the international market...

Helixtap

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