📅 September 10, 2023
🏷️ Rubber India
🌐 Overview
Rubber futures slipped today due to weak automobile demand 🚗📉, but flooding risks in Thailand 🌧️🌊 helped limit deeper losses.
📈 Market Performance
🇯🇵 Osaka Exchange (OSE)
📦 February Delivery: 320 yen ($2.17)
🔻 -0.4 yen (0.12%)
🇨🇳 Shanghai Futures Exchange (SHFE)
📦 January Delivery: 15,980 yuan ($2,242.24)
🔻 -110 yuan (0.68%)
🧪 Butadiene Rubber (Oct): 11,760 yuan/ton
🔻 -60 yuan (0.51%)
🇸🇬 Singapore Exchange (SICOM)
📦 September Delivery: 173.5¢/kg
🔻 -0.3%
🇹🇭 Thai EUDR Rubber Prices
🌱 Fresh Latex: 58.00 (Stable)
🪣 Cup Lump (100%): 57.30 (Stable)
📜 Raw Sheet Rubber: 62.20 (-0.20)
🥽 RSS Grade 3: 64.20 (-0.20)
💡 Industry Insights
🛠️ Bosch CEO expects continued auto sector pressure next year, hurting tire demand.
🇨🇳 China’s consumer prices fell sharply 📉, showing effects of government measures.
🌍 External Factors
🛢️ Oil prices rose ⬆️ after Israel’s attack in Qatar ⚔️, boosting synthetic rubber costs – which competes with natural rubber.
⛈️ Weather Warnings
Thailand warns of heavy rains 🌧️⚠️ & flash floods 🌊 (Sep 10–11), possibly disrupting production.
✅ Conclusion
The natural rubber market faces weak demand 🚗📉 but flood risks in Thailand 🌧️ are providing support.
📢 Traders & investors should watch these developments closely!
