Helixtap JPX Report Summary: Accelerated Fall In Prices Amidst Reimposed Chinese Lockdowns

Rubber Futures continued on a decline throughout the month of October, where prices across exchanges saw a third week-on-week fall since end-September. A major reason attributing to the decline are newly announced lockdowns in China and new Omicron variants BF.7 and BA.5. Weaker indicators were also seen in Japan along with a 75bps rate hike by the ECB. Although Chinese GDP growth at 3.9% for the third quarter was higher than the market expectation by 0.4%, overall market sentiment was weak. As