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Between November 2020 and November 2021, the exports of China's rubber increased from US$445,000 to US$4.46 million, while imports saw a drop of 1.84% to $392 million from $400 million 🌱 Read more: https://data.helixtap.com/china-lockdown-induced-chip-shortage-hits-auto-industry-hard-2022-04-18/
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Automakers like Tesla, Volkswagen Group, and BMW have halted production for two weeks since April 06, 2022. As a result, China’s auto sales plunged in March by 11.7% to 2.23 million vehicles, year-on-year, according to the China Association of Automobile Manufacturers 🌱 Read more: https://data.helixtap.com/rubber-supply-chain-jitters-grow-with-chinas-zero-covid-policy-2022-04-13/
Two factors that contributed to tire production increase were restrictions imposed by the Indian Government on Chinese imports and increased buying of private vehicles, especially two-wheelers, through the Covid-19 phase for safe travel. 🌱 Read more - https://data.helixtap.com/indian-natural-rubber-prices-slide-2022-04-19/
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According to market sources, the absence of China is “killing the market.” “If the Shanghai lockdown maintains for another weeks, the market may drop another US$50/mt,” a producer source noted. 🌱 Read more - https://data.helixtap.com/china-lockdown-cuts-deeper-into-rubber-prices-than-russia-ukraine-conflict-2022-04-22/
📣 We are proud to announce our latest partnership with ICDX Group to meet the ever-changing needs of the market 🌱 Join us today - https://data.helixtap.com/
https://finance.yahoo.com/news/icdx-partners-helixtap-technologies-indonesia-010000915.html
https://finance.yahoo.com/news/icdx-partners-helixtap-technologies-indonesia-010000915.html
Yahoo
ICDX partners with Helixtap Technologies for new Indonesia-origin based rubber contracts with real-time, independent data pricing
Helixtap Technologies, the pioneers of groundbreaking, AI-driven price and market intelligence for the rubber industry, today announces a partnership with ICDX, the Indonesia Commodity and Derivatives Exchange, to create an exchange traded rubber product.…
China announces easing on the covid-19 Shanghai lockdown, what does this mean for the rubber industry? 🌱 Here's a quick rundown in our latest podcast - https://open.spotify.com/episode/4QbMtap4MJesI9GDzq7168
Spotify
China’s Covid Lockdowns – Impacts on the Rubber Market
Episode · Helixtapping the Industry · As the markets were withering through the ripple effects of the Russia and Ukraine conflict, the fear about the economic toll of China’s strict “Zero Covid” policy is ripping through the rubber market. The post China’s…
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