Helixtap JPX Report Summary: Inventory And Physical Rubber Prices Share Inverse Relationship

Futures prices saw an increase over the past week after weeks of consistent selling since the start of August. Some positive economic data was seen from China with the lockdown in Chengdu being lifted along with better-than-expected Industrial Production and an increase in Retail Sales in August. These factors may have prompted some short covering behaviour especially in SHFE/INE as a net fall in volume and open interest was seen. The CPI from the US for August was higher than market expectation