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>SGX contract 2nd position, level of support is much lower than Indonesian processors' cost, which could indicate a widening level between futures and physical if the futures market comes under more selling pressure.  </li><li>Overall in 2024, Thailand processors had a much higher raw material level, although this is changing as the end of wintering approaches, an expected reduction in raw material costs is already showing itself.  </li><li>The spread between AFR10 vs SIR20 and STR20 has continued to remain about XX USD/MT. This could indicate ample African origin cargoes in the market despite throughout wintering period in Ivory Coast.  </li><li>The Rupiah has allowed Indonesian processors to adapt to the slight dampening in physical prices as it has fallen to a 4 year low against the USD.</li></ul>

SGX contract 2nd position, level of support is much lower than Indonesian processors' cost, which could indicate a widening level between futures and physical if the futures market comes under more selling pressure.  Overall in 2024, Thailand processors had a much higher raw material level, although this is changing as the end of wintering approaches, an expected reduction in raw material costs is already showing itself.  The spread between AFR10 vs SIR20 and STR20 has continued to remain about XX USD/MT. This could indicate ample African origin cargoes in the market despite throughout wintering period in Ivory Coast.  The Rupiah has allowed Indonesian processors to adapt to the slight dampening in physical prices as it has fallen to a 4 year low against the USD.

Price Signals Key Highlights: Short Term Pressures On Prices Could Widen Differential Between Futures And Physical

SGX Rubber Future TSR20

Price Signals Key Highlights: Short Term Pressures On Prices Could Widen Differential Between Futures And Physical