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>Market supply deficits over wintering have little price impact in an oversupplied market</li><li>Post 2009 demand rise coupled with short supply supported SICOM TSR20 above US$5,000/mt for the first time in history</li><li>Demand-driven price increase post pandemic had limited impact due to excess supply in the market</li></ul>

Market supply deficits over wintering have little price impact in an oversupplied marketPost 2009 demand rise coupled with short supply supported SICOM TSR20 above US$5,000/mt for the first time in historyDemand-driven price increase post pandemic had limited impact due to excess supply in the market

Prices Unlikely To Hit Historic High Above US$5,000/mt Until Oversupply Clears

<ul><li>Over 90% of Thai farmer households are in debt of an average of 450,000 baht</li><li>May 14 polls have parties cozying up to farmers with promises</li><li>Thai rubber farmers want parties to ensure a price of US$3/kg</li></ul>

Over 90% of Thai farmer households are in debt of an average of 450,000 bahtMay 14 polls have parties cozying up to farmers with promisesThai rubber farmers want parties to ensure a price of US$3/kg

Low Rubber Prices, Farmer Debt Too In Focus In Thai Polls

Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

<ul><li>Helixtap China report: China set for lower rubber influx as arbitrage closes Widening spread between Chinese warehouse and overseas TSR prices has ruled out the arbitrage of international rubber into China.</li><li>While the February imports figures have been strong, there is a widespread reluctance among Chinese buyers to book international cargoes, given the rising inventory level.  Even for TSR 20 Mixture CIF prices, as prices already factor in freight into China, there is not much price parity.</li><li>With some appreciation in Yuan compared to the US dollar, international cargoes are seeing limited interest.</li></ul>

Helixtap China report: China set for lower rubber influx as arbitrage closes Widening spread between Chinese warehouse and overseas TSR prices has ruled out the arbitrage of international rubber into China.While the February imports figures have been strong, there is a widespread reluctance among Chinese buyers to book international cargoes, given the rising inventory level.  Even for TSR 20 Mixture CIF prices, as prices already factor in freight into China, there is not much price parity.With some appreciation in Yuan compared to the US dollar, international cargoes are seeing limited interest.

Helixtap China Report: China Set For Lower Rubber Influx As Arbitrage Closes

<ul><li>Asia remains a stronghold for NR demand for the foreseeable future</li><li>Turkey a fast-growing market for NR demand</li><li>NR consumption tracks GDP closely but has inverse relationship with NR Futures  </li></ul>

Asia remains a stronghold for NR demand for the foreseeable futureTurkey a fast-growing market for NR demandNR consumption tracks GDP closely but has inverse relationship with NR Futures  

Asia Remains A Stronghold For NR Demand For The Foreseeable Future

<ul><li>Producers struggle to deal with surplus </li><li>Volatile forex denting factory cost recovery</li><li>Cost and price mismatch unlikely to ease in short-term </li></ul>

Producers struggle to deal with surplus Volatile forex denting factory cost recoveryCost and price mismatch unlikely to ease in short-term 

Rubber Producers Face Margin Headwinds Over Lagging Demand Recovery

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)

Prices Unlikely To Hit Historic High Above US$5,000/mt Until Oversupply Clears

The global production-consumption cycle has a strong cyclical pattern, due to the cyclical nature of NR production being affected by wintering. The...

Helixtap

Low Rubber Prices, Farmer Debt Too In Focus In Thai Polls

1.7 million rubber smallholders from an overall adult population of 54.1 million and 14 million farmers in Thailand are among the focus...

Helixtap

Helixtap China Report: China Set For Lower Rubber Influx As Arbitrage Closes

Widening spread between Chinese warehouse and overseas TSR prices has ruled out the arbitrage of international rubber into China. While the...

Helixtap

Asia Remains A Stronghold For NR Demand For The Foreseeable Future

Since 2007, the top 10 Natural Rubber (NR) consuming countries in the world have varied widely, with certain countries emerging as major consumers...

Helixtap

Rubber Producers Face Margin Headwinds Over Lagging Demand Recovery

Rubber producers are facing further downward pressure on margins in the near term as disproportionate change in cost and prices coupled with...

Helixtap

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