Helixtap Inventory Analysis: STR20 Prices Continue Trending Down With INE TSR Inventory Above 50,000 Mt Since April 2023

The above table represents the monthly average Standard Chinese Rubber (Whole Field) / Ribbed Smoked Sheets of Grade 3 (SCR WF/RSS3) stocks on warrant in Shanghai Futures Exchange (SHFE) warehouses. Following the previous article earlier in February, the average daily inventory on warrant each month has remained lower than last November. Inventory cannot be more than two years old and their receipts that expire must be retendered in the following year. This is likely the reason for a large drawd