Analysis of rubber spot market(March 28, 2025)

Dry glue

This week, the spot price of rubber is still in a state of shock, the actual shipment of downstream products enterprises is less than expected, the finished product inventory is expected to accumulate in the warehouse, and then the sentiment of high-priced raw material procurement is limited, most enterprises choose to procure based on the rigid need, so the market trading atmosphere tends to be weak, the domestic production area has entered the cutting period, the initial output of the cutting is low, the cost side is still supported, and the rubber price shock is expected to be strong.

Natural rubber latex

This week, the offer price of the domestic natural rubber latex spot market remained relatively stable, the traders' offer enthusiasm was acceptable, but the spot supply of Vietnamese thick latex in the market was limited, and the low-price detention supply of the ports was digested and reduced, the market wait-and-see sentiment was heating up, the spot quotation decline slowed down, and the inquiry atmosphere of downstream product enterprises was warmed up, and some of them were willing to replenish the warehouse at low prices.

Forecast for the future market:  

1. The raw materials in the domestic Yunnan production area have been cut one after another, and the foreign reduction is expected to heat up;

2. It is expected that the operating rate of tire sample enterprises is expected to control production in the next cycle;

3. The inventory in Qingdao, China continues to accumulate inventory;

4. Exchange rate, Fed interest rate cut, etc.