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>India is set to witness a marginal rise in rubber production in the financial year of 2021 (April 2021- March 2022) over 2020 owing to unpredictable weather and Omicron-driven demand slowdown.  The Rubber Board of India attributed the shortfall in the production to weather fluctuations in rubber cultivating parts of the country and slack in demand following the Omicron outbreak.</li><li>India's target for fiscal 2021 was 800,000 tons.   Overall, NR production has seen an upward trajectory in the past few years.</li><li>The country's rubber output saw a marginal rise at 715,000 tons in fiscal 2020 from 712,000 tons in fiscal 2019, and production in fiscal 2018 was at 651,000 tons.</li></ul>

India is set to witness a marginal rise in rubber production in the financial year of 2021 (April 2021- March 2022) over 2020 owing to unpredictable weather and Omicron-driven demand slowdown.  The Rubber Board of India attributed the shortfall in the production to weather fluctuations in rubber cultivating parts of the country and slack in demand following the Omicron outbreak.India's target for fiscal 2021 was 800,000 tons.   Overall, NR production has seen an upward trajectory in the past few years.The country's rubber output saw a marginal rise at 715,000 tons in fiscal 2020 from 712,000 tons in fiscal 2019, and production in fiscal 2018 was at 651,000 tons.

Weather And Pandemic Cap Indian Rubber Production Growth For 2021

<ul><li>India buyers might opt for alternative sourcesIndian tire manufacturers have to look for alternate sources for rubber as Thai rubber prices saw some uptick over the week. STR (Standard Thai Rubber) 20 is at a +US$20/mt premium on SIR (Standard Indonesian Rubber)20 owing to higher raw material cost and support from domestic demand. According to market sources, domestic demand remained strong in Thailand, with active trades reported this week at around US$1,840/mt for April as domestic buyers tried to take advantage of the absence of Chinese traders from the market.As a result, the Indian buyers have to depend more on domestic or African grades.Meanwhile, overall rubber spot prices saw some uptick over the week on the backdrop of the recent Russia and Ukraine conflict.  International markets saw oil breaching US$100/mt per barrel, and impacts on commodities is expected to be broad.DateGradeLocationPriceLowestHighest 2022-02-25 RSS5 Kottayam INR/Kg 160.5 INR/Kg 158.0 INR/Kg165.0  </li></ul>

India buyers might opt for alternative sourcesIndian tire manufacturers have to look for alternate sources for rubber as Thai rubber prices saw some uptick over the week. STR (Standard Thai Rubber) 20 is at a +US$20/mt premium on SIR (Standard Indonesian Rubber)20 owing to higher raw material cost and support from domestic demand. According to market sources, domestic demand remained strong in Thailand, with active trades reported this week at around US$1,840/mt for April as domestic buyers tried to take advantage of the absence of Chinese traders from the market.As a result, the Indian buyers have to depend more on domestic or African grades.Meanwhile, overall rubber spot prices saw some uptick over the week on the backdrop of the recent Russia and Ukraine conflict.  International markets saw oil breaching US$100/mt per barrel, and impacts on commodities is expected to be broad.DateGradeLocationPriceLowestHighest 2022-02-25 RSS5 Kottayam INR/Kg 160.5 INR/Kg 158.0 INR/Kg165.0  

India Buyers Might Opt For Alternative Sources

<ul><li>Geopolitical developments and position jostling have resulted in a tense military situation between Russia, Ukraine, and the Western World.</li><li>At the time of publishing, Russian President Vladimir Putin has ordered a “military operation” in Ukraine.</li><li>Subjected to further developments, it is still uncertain if Russia will indeed fully invade Ukraine or even which countries would participate in this war.</li></ul>

Geopolitical developments and position jostling have resulted in a tense military situation between Russia, Ukraine, and the Western World.At the time of publishing, Russian President Vladimir Putin has ordered a “military operation” in Ukraine.Subjected to further developments, it is still uncertain if Russia will indeed fully invade Ukraine or even which countries would participate in this war.

What Happens To Rubber Prices When Russia Fully Invades Ukraine?

<ul><li>India Domestic Rubber Price Update 22 Feb 2022 DateGradeLocationPriceLowestHighest 2022-02-22  RSS5 Kottayam INR/Kg 160.0 INR/Kg 158.0 INR/Kg165.0 </li></ul>

India Domestic Rubber Price Update 22 Feb 2022 DateGradeLocationPriceLowestHighest 2022-02-22  RSS5 Kottayam INR/Kg 160.0 INR/Kg 158.0 INR/Kg165.0 

<ul><li>Week's Roundup of Prices (18 Feb 2022)“The bids jumped today. We saw a lot of short covering in SHFE today,” said a market source today. According to market sources, some of the futures were lagging so the short covering will bring them up to the actual market levels, indicating the fact that futures and the actual physical market are de-linked. The bids for April and May shipments of SIR 20 were in the range of US$1835-US$1845/mt on FOB Belawan/Surabaya.In October 2021, some speculative buying from China created havoc in the market.</li><li>There were talks that funds bought more than 200,000 tons at the Shanghai Futures Exchange.Prices summary from HelixtapSIR20 (USD)100% DRC Rubber(Kandungan Karet Kering)Rubber Price Update Range18/2/2022 (USD/MT)USD/MT 1,830 - 1,860 USD/MT 1,745-1,748Rubber Price Update Range18/2/2022 (Rupiah/Kg)2.65 Juta25,000 Date:18/2/202218/2/2022Grade:Processed RubberUnprocessed RubberOrigin:IndonesiaIndonesiaSentiment:UpDown      </li></ul>

Week's Roundup of Prices (18 Feb 2022)“The bids jumped today. We saw a lot of short covering in SHFE today,” said a market source today. According to market sources, some of the futures were lagging so the short covering will bring them up to the actual market levels, indicating the fact that futures and the actual physical market are de-linked. The bids for April and May shipments of SIR 20 were in the range of US$1835-US$1845/mt on FOB Belawan/Surabaya.In October 2021, some speculative buying from China created havoc in the market.There were talks that funds bought more than 200,000 tons at the Shanghai Futures Exchange.Prices summary from HelixtapSIR20 (USD)100% DRC Rubber(Kandungan Karet Kering)Rubber Price Update Range18/2/2022 (USD/MT)USD/MT 1,830 - 1,860 USD/MT 1,745-1,748Rubber Price Update Range18/2/2022 (Rupiah/Kg)2.65 Juta25,000 Date:18/2/202218/2/2022Grade:Processed RubberUnprocessed RubberOrigin:IndonesiaIndonesiaSentiment:UpDown      

Week's Roundup Of Price Range [Indonesia]

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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SGX Rubber Future TSR20 (ORA COMDTY)

Weather And Pandemic Cap Indian Rubber Production Growth For 2021

India is set to witness a marginal rise in rubber production in the financial year of 2021 (April 2021- March 2022) over 2020 owing to...

Helixtap

India Buyers Might Opt For Alternative Sources

25 Feb 2022 India Domestic Market

Helixtap

What Happens To Rubber Prices When Russia Fully Invades Ukraine?

Geopolitical developments and position jostling have resulted in a tense military situation between Russia, Ukraine, and the Western World.

Helixtap

India Market Local Auction Update

RSS5 India Origin

Helixtap

Week's Roundup Of Price Range [Indonesia]

100% DRC Rubber against finished SIR20 product

Helixtap

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