Thailand’s Jul-2026成品油 inventory stands at 22,511 kbbl — the only ASEAN nation reporting full-category stock data. Diesel dominates (9,913 kbbl, 44% of total), signaling infrastructure-driven hoarding and lagging downstream demand. Drawdown pace lags behind Indonesia/Singapore’s implicit restocking rhythm.

Natural rubber front-month futures reached ¥19,525/t (+1.72%), the highest since July 2026. Thailand and Indonesia jointly announced a 5% Q4 output cut, while China’s heavy-duty truck sales rose 12% MoM — reinforcing demand fundamentals.