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>The rally in crude oil prices rippled across the Indian natural rubber market as prices rose around 3% in March despite the elevated inventory levels owing to higher imports in November and December 2022.</li><li>  With crude prices staging a comeback and crossing US$100 per barrel on mid of last week, the natural rubber price (RSS-4) hit US$2.25 per kg on March 17, after hitting its lowest January 2022 at US$2.17 per kg when the crude was at US$83.92 per barrel. When the global crude oil prices reached an average of above US$100/barrel in 2011, Indian natural rubber prices reached an all-time high of US$3.26 per kg.</li><li>However, prices saw a steady upswing in 2022 despite the overall bearishness of the pandemic after-effects and ongoing Russia-Ukraine conflict. "The natural rubber market movement in India is predominantly determined by several endogenous and exogenous factors like demand and supply, automobile sales, crude oil price, climatic factors in major producing countries, movements in the futures market, GDP growth rate, currency movements etc.</li></ul>

The rally in crude oil prices rippled across the Indian natural rubber market as prices rose around 3% in March despite the elevated inventory levels owing to higher imports in November and December 2022.  With crude prices staging a comeback and crossing US$100 per barrel on mid of last week, the natural rubber price (RSS-4) hit US$2.25 per kg on March 17, after hitting its lowest January 2022 at US$2.17 per kg when the crude was at US$83.92 per barrel. When the global crude oil prices reached an average of above US$100/barrel in 2011, Indian natural rubber prices reached an all-time high of US$3.26 per kg.However, prices saw a steady upswing in 2022 despite the overall bearishness of the pandemic after-effects and ongoing Russia-Ukraine conflict. "The natural rubber market movement in India is predominantly determined by several endogenous and exogenous factors like demand and supply, automobile sales, crude oil price, climatic factors in major producing countries, movements in the futures market, GDP growth rate, currency movements etc.

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