Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

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>   Short-term demand from China is likely to remain slow as rising international prices and higher inventory has drifted the Chinese buyers only towards opportunistic buying.    Even though there is some gradual return of the buying interest, the high level of inventory and poor purchasing power are dampening the confidence.</li><li>Towards the end of the month, there was some drop in the inventory level, which could indicate some revival in demand.</li><li>   However, it has yet to translate into the international market.</li></ul>

   Short-term demand from China is likely to remain slow as rising international prices and higher inventory has drifted the Chinese buyers only towards opportunistic buying.    Even though there is some gradual return of the buying interest, the high level of inventory and poor purchasing power are dampening the confidence.Towards the end of the month, there was some drop in the inventory level, which could indicate some revival in demand.   However, it has yet to translate into the international market.

Helixtap China Report  China's Near Term Demand Seen Flat; Hunt For Arbitrage

CEO, Helixtap

Farah Miller

<ul><li>Continuing global headwinds weigh down prices, impacting revenue  </li><li>Starting of tire factories yet to impact domestic rubber consumption  </li><li>Wanli Tire becomes the fourth entity deciding to pitch tent</li></ul>

Continuing global headwinds weigh down prices, impacting revenue  Starting of tire factories yet to impact domestic rubber consumption  Wanli Tire becomes the fourth entity deciding to pitch tent

Price Decline Forces Cambodia On The Backfoot Until August

<ul><li>   Moving Averages   As of 27 October 2023     Over October 2023, the respective longer-term 50 day moving averages (50MA) have trended above the 200 day moving averages (200MA) for physical rubber grades and rubber futures.</li><li>From the Price Signals tool, these signals were observed for SIR20, STR20, AFR10 (CIF Rotterdam/Hamburg) and the SICOM TSR20 P1 futures.    This confirms that for these grades, average prices over the past 50 days were higher than over the past 200 days.</li><li>This signals a bullish price trend could continue for the longer-term over the following few months.    Differentials   As of 26 October 2023     In contrast to the previous update, Thai differential premiums for STR20 over SICOM TSR20 have narrowed closer to parity.</li></ul>

   Moving Averages   As of 27 October 2023     Over October 2023, the respective longer-term 50 day moving averages (50MA) have trended above the 200 day moving averages (200MA) for physical rubber grades and rubber futures.From the Price Signals tool, these signals were observed for SIR20, STR20, AFR10 (CIF Rotterdam/Hamburg) and the SICOM TSR20 P1 futures.    This confirms that for these grades, average prices over the past 50 days were higher than over the past 200 days.This signals a bullish price trend could continue for the longer-term over the following few months.    Differentials   As of 26 October 2023     In contrast to the previous update, Thai differential premiums for STR20 over SICOM TSR20 have narrowed closer to parity.

Helixtap Price Signals Flash Update: Processing Margins Narrow As Raw Material Costs Rise Over October 2023

<ul><li>Unpredictable weather and shutdowns to impact 2023 production level  </li><li>Rains in Thailand elevated the physical prices   </li><li>African rubber production likely to post strong production growth in 2023</li></ul>

Unpredictable weather and shutdowns to impact 2023 production level  Rains in Thailand elevated the physical prices   African rubber production likely to post strong production growth in 2023

Raw Material Supplies A Challenge To Meet Rubber Demand

<ul><li>Indian smallholders say they need assistance to buy rollers, fertilizers, fungicides, etc.  </li><li>If Bridgestone India harps on empowerment classes, farmers will quit ‘Unnati’  </li><li>The remaining five months of the first phase of ‘Unnati’ need to be implemented constructively</li></ul>

Indian smallholders say they need assistance to buy rollers, fertilizers, fungicides, etc.  If Bridgestone India harps on empowerment classes, farmers will quit ‘Unnati’  The remaining five months of the first phase of ‘Unnati’ need to be implemented constructively

Farmers Want ‘Feed To The Field Rather Than Fodder To The Brain’

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)

Helixtap China Report China's Near Term Demand Seen Flat; Hunt For Arbitrage

Short-term demand from China is likely to remain slow as rising international prices and higher inventory has drifted the Chinese buyers only...

Helixtap

Price Decline Forces Cambodia On The Backfoot Until August

Cambodian rubber continues to be at the receiving end of geo-political and economic turbulence, leading to lower returns from latex exports in an...

Helixtap

Helixtap Price Signals Flash Update: Processing Margins Narrow As Raw Material Costs Rise Over October 2023

Over October 2023, the respective longer-term 50 day moving averages (50MA) have trended above the 200 day moving averages (200MA) for physical...

Helixtap

Raw Material Supplies A Challenge To Meet Rubber Demand

As the tire makers near the beginning of the long-term contract negotiations for 2024, one challenge facing the rubber industry is raw material...

Helixtap

Farmers Want ‘Feed To The Field Rather Than Fodder To The Brain’

Bridgestone India may be stepping in to adopt 100,000 smallholders in Kerala over four years until 2027 using its CSR funds, but the farmers in the...

Helixtap

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