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>Thai producers selling at prices close to negative margins due to continued downward pressure in TSR prices and competition with Indo rubber</li><li>Thai margin over Indo margin seeing a reduction since June due to a shrinking gap in prices for both raw materials and processed rubber</li><li>Indonesian market participants previously exploring importing Thai raw materials for processing less likely to do so due to reduction in raw material price spread</li></ul>

Thai producers selling at prices close to negative margins due to continued downward pressure in TSR prices and competition with Indo rubberThai margin over Indo margin seeing a reduction since June due to a shrinking gap in prices for both raw materials and processed rubberIndonesian market participants previously exploring importing Thai raw materials for processing less likely to do so due to reduction in raw material price spread

Helixtap Physical Rubber Margins And Intra Regional Spreads Analysis: Thai Producers Selling At Prices Close To Negative Margins Due To Competition With Indo Rubber

<ul><li>In one of the sharpest declines in recent weeks, RSS-4 prices fall by INR 9 per kg a week to INR 159</li><li>Latex prices fall by INR 10 per kg a week to INR 93</li><li>Indian Rubber Board optimistic that any decline in domestic prices likely to be temporary </li></ul>

In one of the sharpest declines in recent weeks, RSS-4 prices fall by INR 9 per kg a week to INR 159Latex prices fall by INR 10 per kg a week to INR 93Indian Rubber Board optimistic that any decline in domestic prices likely to be temporary 

Rubber Prices Fall Further As Tire Makers Rest On Imports

<ul><li>The preceding week saw an increase in volume amidst a continued downward spiral in prices across the exchanges.</li><li>Bearish sentiment across the markets remains due to increased expectations of future rate hikes and recessionary fears.</li><li>China reported PMI for August this year at 49.4, below the neutral level of 50.0, signalling a slight contraction in manufacturing activity.</li></ul>

The preceding week saw an increase in volume amidst a continued downward spiral in prices across the exchanges.Bearish sentiment across the markets remains due to increased expectations of future rate hikes and recessionary fears.China reported PMI for August this year at 49.4, below the neutral level of 50.0, signalling a slight contraction in manufacturing activity.

Helixtap JPX Report Summary: Higher Energy Prices Likely To Cause Further Decline In European Demand For Rubber

Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

<ul><li>Spot prices below US$1400 mark</li><li>Some automakers temporarily shut production on the Chinese power shortage </li><li>Improvement in Chinese factory activity in the short-term, is unlikely</li></ul>

Spot prices below US$1400 markSome automakers temporarily shut production on the Chinese power shortage Improvement in Chinese factory activity in the short-term, is unlikely

A New 2022 Low For Rubber Prices, Bear China Annihilates Spot Market

<ul><li>Navigating the rubber market: Today & Tomorrow (02 Sep 2022) Summary of the key points discussed at Helixtap Technologies Flash webinar on 30 August 2022. Points discussed: negative margins in Indonesia, LTC reduction and prices breaking support levels.</li><li>Is this the start of structural change? Today: A Recap of the Current State of Play  a) LTC pullback shook the market confidence  b) Tire maker claims excess inventory c) Tire production shutdowns The price pressure has proved to be anything but transient as the spot rubber prices slide back to the 2020 level.</li><li>What we are witnessing right now is a culmination of a series of black swan events and unprecedented setbacks.  However, the one that really shook the rubber market confidence was a major tire maker’s pull back from their long-term contracts (LTC), taking the spot prices to a 22-month low.   The widening spread between the long-term contract price level and the physical market price underlines the apparent disconnect. Tomorrow: Proceeding with Uncertainty Last week prices were (almost) in free fall in the rubber markets.</li></ul>

Navigating the rubber market: Today & Tomorrow (02 Sep 2022) Summary of the key points discussed at Helixtap Technologies Flash webinar on 30 August 2022. Points discussed: negative margins in Indonesia, LTC reduction and prices breaking support levels.Is this the start of structural change? Today: A Recap of the Current State of Play  a) LTC pullback shook the market confidence  b) Tire maker claims excess inventory c) Tire production shutdowns The price pressure has proved to be anything but transient as the spot rubber prices slide back to the 2020 level.What we are witnessing right now is a culmination of a series of black swan events and unprecedented setbacks.  However, the one that really shook the rubber market confidence was a major tire maker’s pull back from their long-term contracts (LTC), taking the spot prices to a 22-month low.   The widening spread between the long-term contract price level and the physical market price underlines the apparent disconnect. Tomorrow: Proceeding with Uncertainty Last week prices were (almost) in free fall in the rubber markets.

Navigating The Rubber Market: Today & Tomorrow

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)

Helixtap Physical Rubber Margins And Intra Regional Spreads Analysis: Thai Producers Selling At Prices Close To Negative Margins Due To Competition With Indo Rubber

The past two months from mid-July to early September this year saw the Helixtap STR20 price spread over Thai Raw Materials decline towards US$219...

Helixtap

Rubber Prices Fall Further As Tire Makers Rest On Imports

The rubber prices are trending downwards in the Indian domestic market due to lukewarm demand from the downstream tire sector that thrives on ample...

Helixtap

Helixtap JPX Report Summary: Higher Energy Prices Likely To Cause Further Decline In European Demand For Rubber

The preceding week saw an increase in volume amidst a continued downward spiral in prices across the exchanges. Bearish sentiment across the...

Helixtap

A New 2022 Low For Rubber Prices, Bear China Annihilates Spot Market

As China struggles to shake off the impact of Covid-19 while embroiled in a deepening real-estate downturn and a heat wave, the country’s economic...

Helixtap

Navigating The Rubber Market: Today & Tomorrow

Summary of the key points discussed at Helixtap Technologies Flash webinar on 30 August 2022.

Helixtap

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