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August average RSS3 price announced by Central Rubber Market in Songkhla stood at 55.33 Baht/kg, 5.79 % down from July due to the following factors. Weather condition in southern Thai region was suitable for tapping, resulting in more output. Consumers expected that rubber supply would be more and therefore decelerated their purchase. Local entrepreneurs reduced price to avoid loss after having delivered some volume, therefore decelerated the purchase accordingly. Japanese yen remained volatile and appreciated (at the rate of 100.47 yen/ US dollar in the 4th week of August). Chinese rubber stock at Shanghai market touched 360,768 tons as of 26 August 2016. Investors were concerned about Chinese economic trend after the release of China’s weak economic data: this year’s export is expected to be lower than 2015; industrial production dropped to 6.0% from 10.6% in June. Q2/2016 FDI in Chinese financial institutes dropped from Q1. Japan’s CPI in July is lower than expectation. Japan’s Q2/2016 GDP grew at 0.2%, down from 1.9% in Q1.
In July 2016, Thailand exported 302,336 tons of natural rubber (including compound rubber), 3.56 % down from June and 12.66 % down yoy, generating export income of US$ 355.74 million, 0.11 % down from June, and 33.56 % down yoy. Overall, during January to July Thai NR exports (including compound rubber) reached 2,200,287 tons, 8.22 % down yoy. The first 7 months of 2016 export value touched US$ 2.57 billion, 26.59 % down yoy.
In tyre sector, in July Thailand exported 9.34 million units of all tyres, 2.60% down yoy, with the export value of US$ 311.48 million, 1.42 % down yoy. Overall, during January to July Thai exports of all tyres reached 64.82 million units, 5.80 % up yoy, generating export income of US$ 2.0 billion, 2.43 % down yoy.
![[Current Year]](/en/index.php/detail_member/thainr_graph/uploadfile/thb/020230203143006.jpg?detail=situation&yearPlus=Nothing){kind=link}