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>(21 Oct) Spot rubber broke the support level of 1,300 USD/MT whilst futures markets also creeped under 1,250 USD/MT with backwardation observed for December, January and February contracts.Raw material tightness no match for oversupplyHeavy rain and flooding has resulted in a lack of raw materials in Thailand.</li><li>Some producers Helixtap spoke to said, “It’s been raining everyday and I won’t be surprised if the floods will hit the south (of Thailand) soon.”  In Indonesia, raw material was also tight with low prices accelerating the rubber smallholder workers move to more lucrative construction jobs.  In what seems like a sign of some support, African exporters of cup lump were reluctant to sell to Indonesian importers at these levels.</li><li>Indonesian producers also heaved a sigh of relief as the Indonesian Rupiah touched a new low against the dollar - crossing 15,600 IDR/USD - a level not seen since 1998.</li></ul>

(21 Oct) Spot rubber broke the support level of 1,300 USD/MT whilst futures markets also creeped under 1,250 USD/MT with backwardation observed for December, January and February contracts.Raw material tightness no match for oversupplyHeavy rain and flooding has resulted in a lack of raw materials in Thailand.Some producers Helixtap spoke to said, “It’s been raining everyday and I won’t be surprised if the floods will hit the south (of Thailand) soon.”  In Indonesia, raw material was also tight with low prices accelerating the rubber smallholder workers move to more lucrative construction jobs.  In what seems like a sign of some support, African exporters of cup lump were reluctant to sell to Indonesian importers at these levels.Indonesian producers also heaved a sigh of relief as the Indonesian Rupiah touched a new low against the dollar - crossing 15,600 IDR/USD - a level not seen since 1998.

Bearish End To The Week, With SHFE Stockpiles Reaching A Year Long High

<ul><li>NR production falls by 3.8% m-o-m to 36,410 tons in August</li><li>Malaysia provides US$54 million in monsoon aid to smallholders</li><li>Import up from 68,908 tons in July to 100,936 tons in August on the back of higher imports from Ivory Coast</li></ul>

NR production falls by 3.8% m-o-m to 36,410 tons in AugustMalaysia provides US$54 million in monsoon aid to smallholdersImport up from 68,908 tons in July to 100,936 tons in August on the back of higher imports from Ivory Coast

Production Decline Prompts Malaysian Government Intervention

<ul><li>Freefall arrested, prices at INR 153 per kg </li><li>Tiremakers cautious amid limited tire production </li><li>Latex makers feel betrayed by price scheme</li></ul>

Freefall arrested, prices at INR 153 per kg Tiremakers cautious amid limited tire production Latex makers feel betrayed by price scheme

Indian Rubber Prices Unchanged, Smallholders Cut Production

<ul><li>HighlightsProduction at 263,000 tons in five months up to August  Consumption in five months at 573,000 tons Import increases in five months by 32,983 tons Indian rubber production and consumption have registered single-digit growth in the five months of this fiscal (Apr 22 to Mar 23) leading to August 2022, while imports have gone up by double digits, signaling a revival in the market activity, including the downstream tire and automobile sectors that emerge from the pandemic.Domestic NR production for April to August 2022 is provisionally estimated by the Rubber Board at 263,000 tons, up 3.5% compared to 254,000 tons during the corresponding period last year.</li><li>Interventions of the Board in promoting rain guarding and other appropriate agronomic practices, reining in diseases, and adopting untapped areas contributed to the increase in production.Consumption of NR for April to August has been estimated at 573,000 tons compared to 524,000 tons during the same period the previous year, registering a growth of 9.4%.</li><li>The auto tire sector also reported an uptick of 5.4% from April to August, while the general rubber goods sector saw a 20.4% growth.</li></ul>

HighlightsProduction at 263,000 tons in five months up to August  Consumption in five months at 573,000 tons Import increases in five months by 32,983 tons Indian rubber production and consumption have registered single-digit growth in the five months of this fiscal (Apr 22 to Mar 23) leading to August 2022, while imports have gone up by double digits, signaling a revival in the market activity, including the downstream tire and automobile sectors that emerge from the pandemic.Domestic NR production for April to August 2022 is provisionally estimated by the Rubber Board at 263,000 tons, up 3.5% compared to 254,000 tons during the corresponding period last year.Interventions of the Board in promoting rain guarding and other appropriate agronomic practices, reining in diseases, and adopting untapped areas contributed to the increase in production.Consumption of NR for April to August has been estimated at 573,000 tons compared to 524,000 tons during the same period the previous year, registering a growth of 9.4%.The auto tire sector also reported an uptick of 5.4% from April to August, while the general rubber goods sector saw a 20.4% growth.

India Imports Upstage Production, Consumption Growth

<ul><li>An increase in speculative selling was observed in the futures market for rubber in the past week, with prices across the board falling throughout the exchanges.</li><li>The price behaviour in the past week is shown to be in contrast to the slight bump in prices after the Chinese holidays in previous years.</li><li>Prices retraced most of the gains made in OSE over the last week, and fell lower than the fortnight before in SHFE/INE and in SGX.</li></ul>

An increase in speculative selling was observed in the futures market for rubber in the past week, with prices across the board falling throughout the exchanges.The price behaviour in the past week is shown to be in contrast to the slight bump in prices after the Chinese holidays in previous years.Prices retraced most of the gains made in OSE over the last week, and fell lower than the fortnight before in SHFE/INE and in SGX.

Helixtap JPX Report Summary: A Slide In Rubber Prices Contrary To Expectations post-Chinese Golden Week

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)

Bearish End To The Week, With SHFE Stockpiles Reaching A Year Long High

Spot rubber broke the support level of 1,300 USD/MT whilst futures markets also creeped under 1,250 USD/MT with backwardation observed for...

Helixtap

Production Decline Prompts Malaysian Government Intervention

Malaysian natural rubber production has declined by 3.8% month on month to around 36,410 tons in August from around 37,840 tonnes in July 2022. The...

Helixtap

Indian Rubber Prices Unchanged, Smallholders Cut Production

The Indian rubber prices remain almost stable, successfully resisting the free fall since July this year. However, the producers’ wish for higher...

Helixtap

India Imports Upstage Production, Consumption Growth

Indian rubber production and consumption have registered single-digit growth in the five months of this fiscal (Apr 22 to Mar 23) leading to August...

Helixtap

Helixtap JPX Report Summary: A Slide In Rubber Prices Contrary To Expectations post-Chinese Golden Week

An increase in speculative selling was observed in the futures market for rubber in the past week, with prices across the board falling throughout...

Helixtap

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)