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>SGX contract 2nd position, level of support is much lower than Indonesian processors' cost, which could indicate a widening level between futures and physical if the futures market comes under more selling pressure.  </li><li>Overall in 2024, Thailand processors had a much higher raw material level, although this is changing as the end of wintering approaches, an expected reduction in raw material costs is already showing itself.  </li><li>The spread between AFR10 vs SIR20 and STR20 has continued to remain about XX USD/MT. This could indicate ample African origin cargoes in the market despite throughout wintering period in Ivory Coast.  </li><li>The Rupiah has allowed Indonesian processors to adapt to the slight dampening in physical prices as it has fallen to a 4 year low against the USD.</li></ul>

SGX contract 2nd position, level of support is much lower than Indonesian processors' cost, which could indicate a widening level between futures and physical if the futures market comes under more selling pressure.  Overall in 2024, Thailand processors had a much higher raw material level, although this is changing as the end of wintering approaches, an expected reduction in raw material costs is already showing itself.  The spread between AFR10 vs SIR20 and STR20 has continued to remain about XX USD/MT. This could indicate ample African origin cargoes in the market despite throughout wintering period in Ivory Coast.  The Rupiah has allowed Indonesian processors to adapt to the slight dampening in physical prices as it has fallen to a 4 year low against the USD.

Price Signals Key Highlights: Short Term Pressures On Prices Could Widen Differential Between Futures And Physical

<ul><li>Production to start in less than a fortnight in Kerala; traders release stocks  </li><li>Rainguarding concerns for smallholders over Rubber Board apathy  </li><li>Kerala to get good monsoon rains; it’s not so rosy for Northeast</li></ul>

Production to start in less than a fortnight in Kerala; traders release stocks  Rainguarding concerns for smallholders over Rubber Board apathy  Kerala to get good monsoon rains; it’s not so rosy for Northeast

Mixed Feel For Kerala Farmers Amid Summer Rains And Price Dip

Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

<ul><li>Margins under pressure after positive Q1 2024  </li><li>Gross margins experienced a downward trend in Thailand and Africa in 2023 </li></ul>

Margins under pressure after positive Q1 2024  Gross margins experienced a downward trend in Thailand and Africa in 2023 

Lower Gross Margin Trends Imply A Challenging Environment For Processors In 2024

<ul><li>Ivory Coast contributes more than half of total imports  </li><li>Thailand imports further down; exports to China spurt  </li><li>Malaysia continues with measures to support smallholders</li></ul>

Ivory Coast contributes more than half of total imports  Thailand imports further down; exports to China spurt  Malaysia continues with measures to support smallholders

Malaysian Imports, Exports Go Up; Production Ebbs

<ul><li>20 out of 27 EU countries want to delay EUDR implementation  </li><li>Bodies blame private sector for failure to keep pledges on deforestation   </li><li>EC Environment Commissioner says law implementation as scheduled</li></ul>

20 out of 27 EU countries want to delay EUDR implementation  Bodies blame private sector for failure to keep pledges on deforestation   EC Environment Commissioner says law implementation as scheduled

Various International Bodies & Organizations Reiterate Support And Implementation Of EUDR As Planned In A Letter To The European Commission

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)

Price Signals Key Highlights: Short Term Pressures On Prices Could Widen Differential Between Futures And Physical

The Rupiah has allowed Indonesian processors to adapt to the slight dampening in physical prices as it has fallen to a 4 year low against the USD.

Helixtap

Mixed Feel For Kerala Farmers Amid Summer Rains And Price Dip

The rubber-producing regions of Kerala started receiving summer rains in fairly good measure from the end of April second week, which is conducive...

Helixtap

Lower Gross Margin Trends Imply A Challenging Environment For Processors In 2024

The rubber producers are likely to witness some narrowing of the margins in the second quarter from lower cost and price spread due to weakened...

Helixtap

Malaysian Imports, Exports Go Up; Production Ebbs

Malaysian rubber imports are hitting new heights, especially those from the African producer Ivory Coast. In contrast, its NR production fails to...

Helixtap

Various International Bodies & Organizations Reiterate Support And Implementation Of EUDR As Planned In A Letter To The European Commission

The letter (which was mostly signed by various international NGOs, and climate activists) noted that the EUDR legislation was introduced to create...

Helixtap

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