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Helixtap Physical Rubber Margins And Intra Regional Spreads Analysis: Thai Producers Selling At Prices Close To Negative Margins Due To Competition With Indo Rubber
44 Views08 Sep 2022 17:07
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/mt in late August. Earlier in June, the same spread was at the highest weekly value of US$491/mt since September last year. With that drop, Thai producers have been approaching margins that are close to incurring losses despite a stronger US dollar cushioning some of this impact. As of early September, the average factory costs are 7-8THB/kg for proces
What is covered in the Full Insight:
- Introduction
- Thai Producers' Margins
- Indonesian Market Challenges
- Intra-Regional Price Spreads
- Conclusion
SUMMARY
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