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September average RSS3 price announced by Central Rubber Market in Songkhla stood at 53.06 Baht/kg, 4.10 % down from August due to the following factors. Japanese yen remained volatile and appreciated at the average of 102.43 yen/ US dollar in mid-September. Unsmoked sheet price gained by farmers dropped more than other types of rubber due to decreasing purchasing demand from local entrepreneurs after having delivered curtain amount of rubber. They reduced price to avoid loss after having bought with overprice during recent supply shortage period. Investors were concerned over Chinese economy after August inflation data remained weak. China’s CPI rose 1.3%, down from 1.8% in July, coupled with the drop of foreign exchange reserve in August. However, the price was driven by several positive factors, helping rubber price to fall only slightly from August. Output in producing countries, especially Thailand was tight due to heavy rain in plantation areas. Rubber stock at Shanghai Market stood at 350,883 tons, 8,067 tons down as of 23/09/2016 while Japanese stock stood at 5,296 tons, 89 tons down as of 10/02/2016.
In Aug 2016, Thailand exported 330,864 tons of natural rubber (including compound rubber), 9.44 % up from July and 6.93 % down yoy, generating export income of US$ 397.19 million, 11.65 % up from July, and 29.78 % down yoy. Overall, during January to August Thai NR exports (including compound rubber) reached 2,531,152 tons, 8.05 % down yoy. The first 8 months of 2016 export value touched US$ 2.97 billion, 27.03 % down yoy.
In tyre sector, in August Thailand exported 9.81 million units of all tyres, 8.93 % up yoy, with the export value of US$ 328.05 million, 13.27 % up yoy. Overall, during January to August Thai exports of all tyres reached 74.64 million units, 6.20 % up yoy, generating export income of US$ 2.33 billion, 0.5 % down yoy.