In today’s briefing:
- [Rubber, China, Futures] Typhoon Triggered Defaults Nudged Rubber Spot Prices and SHFE Futures Up
- National Infrastructure Trust Pre-IPO Tearsheet
- Cosco Shipping Energy Transportation – Capitulation in Oil and Related Equities Almost Complete?
[Rubber, China, Futures] Typhoon Triggered Defaults Nudged Rubber Spot Prices and SHFE Futures Up
- Physical rubber prices gained strength during the Asian trade day as a typhoon in Vietnam disrupted the supply chain, limiting supply in the market.
- In addition, increased inquiries from the Chinese tire makers for the prompt cargoes resulted in further support for the prices.
- Chinese state buying up to 100kt of rubber, prices to be announced on 13 Sep 2024. This would provide some short term support on the SHFE
National Infrastructure Trust Pre-IPO Tearsheet
- National Infrastructure Trust (NIT IN) is looking to raise about US$190m in its upcoming India IPO. The deal will be run by SBI Caps and HDFC Bank.
- National Infrastructure Trust is an infrastructure investment trust established to acquire, manage and invest in a portfolio of infrastructure assets in India.
- Its initial asset portfolio will consist of nine road assets, in the states of Haryana, Rajasthan, Bihar, Uttarakhand, Himachal Pradesh, Madhya Pradesh and Karnataka with an aggregate length of ~683.875km.
Cosco Shipping Energy Transportation – Capitulation in Oil and Related Equities Almost Complete?
- Speculative liquidation of crude oil positions opens up an opportunity
- A seasonally strong period for crude tanker rates coming up
- Company option scheme for senior management approved. Strike above current price
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
