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 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. Within China, additional cities have also imposed fresh lockdown measures due to its zero-covid policy. Major cities such as Ch