China’s rubber imports jumped 14.5% to 464,000 tons in August. Jan-Aug imports are up 8.9% at 3.55 million tons

by whatnextrubber | Sep 23, 2022 | Market Insights by Jom Jacob

China posted a 14.5% jump in the quantity of natural rubber (Including mixture and compounds) imported into the country during August 2022 compared with the same month a year ago. Please have a look at the quantity of different forms of NR imported during the month of...

As rubber futures sustain momentum on Shanghai, what do they convey between lines?

by whatnextrubber | Sep 22, 2022 | Market Insights by Jom Jacob

A combination of factors is keeping sentiment down in natural rubber physical markets across Asia. The SICOM TSR20 is often considered as a close reflective of the sentiment in physical markets. The TSR20 contract for Dec 2022 expiration was traded 0.1% lower at...

Rubber gains on new hopes as China braces for 20th Party Congress

by whatnextrubber | Sep 20, 2022 | Market Insights by Jom Jacob

SHFE (Jan 2023): Closed at 13,135 yuan (+180 yuan, or 1.3%) SICOM TSR20 (Dec 2022): Closed at US$132.4 (+2.0 dollar, or 1.5%) JPX OSK RSS3 (Feb 2023): Settled at 227.5 yen (+3.6 yen or 1.6%) Despite the concern over an extremely aggressive policy tightening and rate...

Rubber Futures Manifest Fed’s Jumbo Rate Hike Concern

by whatnextrubber | Sep 19, 2022 | Market Insights by Jom Jacob

*SHFE Jan 2023: Closed 0.7% down *SICOM TSR20 Dec 2021: Down 0.5% at 3.07 PM Natural rubber futures contracts (Jan 2023 expiration) closed today’s (Sep 19, Monday) daytime trading on the Shanghai Futures Exchange at 12,885 yuan (Down 100 yuan or 0.7%) and the...

Easing COVID lockdowns in China bring hopes, but …..

by whatnextrubber | Sep 16, 2022 | Market Insights

China’s full lifting of COVID lockdowns is one of the prerequisites for a major recovery in natural rubber prices. Bringing hopes of the same, the Chengdu City of China lifted the COVID-19 lockdowns yesterday (Sept 15), subject to continuation of movement...