Global Commodities Alternative Data and Insights

Helixtap

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

CEO, Helixtap

Farah Miller

Commodities

<ul><li>India buyers might opt for alternative sourcesIndian tire manufacturers have to look for alternate sources for rubber as Thai rubber prices saw some uptick over the week. STR (Standard Thai Rubber) 20 is at a +US$20/mt premium on SIR (Standard Indonesian Rubber)20 owing to higher raw material cost and support from domestic demand. According to market sources, domestic demand remained strong in Thailand, with active trades reported this week at around US$1,840/mt for April as domestic buyers tried to take advantage of the absence of Chinese traders from the market.As a result, the Indian buyers have to depend more on domestic or African grades.Meanwhile, overall rubber spot prices saw some uptick over the week on the backdrop of the recent Russia and Ukraine conflict.  International markets saw oil breaching US$100/mt per barrel, and impacts on commodities is expected to be broad.DateGradeLocationPriceLowestHighest 2022-02-25 RSS5 Kottayam INR/Kg 160.5 INR/Kg 158.0 INR/Kg165.0  </li></ul>

India buyers might opt for alternative sourcesIndian tire manufacturers have to look for alternate sources for rubber as Thai rubber prices saw some uptick over the week. STR (Standard Thai Rubber) 20 is at a +US$20/mt premium on SIR (Standard Indonesian Rubber)20 owing to higher raw material cost and support from domestic demand. According to market sources, domestic demand remained strong in Thailand, with active trades reported this week at around US$1,840/mt for April as domestic buyers tried to take advantage of the absence of Chinese traders from the market.As a result, the Indian buyers have to depend more on domestic or African grades.Meanwhile, overall rubber spot prices saw some uptick over the week on the backdrop of the recent Russia and Ukraine conflict.  International markets saw oil breaching US$100/mt per barrel, and impacts on commodities is expected to be broad.DateGradeLocationPriceLowestHighest 2022-02-25 RSS5 Kottayam INR/Kg 160.5 INR/Kg 158.0 INR/Kg165.0  

India Buyers Might Opt For Alternative Sources

SGX Rubber Future TSR20

India Buyers Might Opt For Alternative Sources