Global Commodities Alternative Data and Insights

Helixtap

Helixtap collects, processes and distributes proprietary data, analyses and forecasts for the rubber, latex and automotive markets

Head of Content, Data & Research, Helixtap

Arusha Das

Head of Content, Data & Research

Commodities

<ul><li>Cheaper in-warehouse stock widened the gap between international rubber and domestic rubber prices, slowing the inflow of African rubber into China.    With the demand situation essentially unchanged, a bleak outlook is weighing on the market sentiment, and any recovery in Chinese demand is unlikely before the end of Q3 or early Q4.</li><li>     The gap between INE prices and African TSR 10, excluding the customs duties, was at (-) US$106/mt as of August 04, 2023.</li><li>There is ample stock at the warehouses, which is offered below US$1200/mt, limiting interest for fresh bookings.</li></ul>

Cheaper in-warehouse stock widened the gap between international rubber and domestic rubber prices, slowing the inflow of African rubber into China.    With the demand situation essentially unchanged, a bleak outlook is weighing on the market sentiment, and any recovery in Chinese demand is unlikely before the end of Q3 or early Q4.     The gap between INE prices and African TSR 10, excluding the customs duties, was at (-) US$106/mt as of August 04, 2023.There is ample stock at the warehouses, which is offered below US$1200/mt, limiting interest for fresh bookings.

Helixtap China Report: Slowdown In African Rubber Inflow Despite Price Correction

SGX Rubber Future TSR20

Helixtap China Report: Slowdown In African Rubber Inflow Despite Price Correction