August 19 Qingdao Rubber Price Update

Index

On August 19, the STR20 price index of natural rubber in the Qingdao market was $1,810/ton, up $5/ton from the previous trading day.

Market Analysis

Futures Market:

Spot Market

Supply:

Internationally: Increased rainfall in some producing areas of Thailand has led major manufacturers to increase prices to secure raw materials, driving up raw material purchase prices. Weather conditions in Vietnam have been normal, and the average daily supply of rubber has steadily increased. To ensure delivery of early orders, processing plants have continued their rush to harvest and maintained high purchasing activity, supporting overall firm raw material prices.

Domestic: Continued rainfall in the Yunnan and Hainan producing areas has limited raw material release, pushing up raw material prices.

Demand: It is understood that most companies have maintained stable operations. Some companies that resumed maintenance last week have seen their production facilities operating at high levels. Currently, companies' shipments are primarily for foreign trade. In addition, some semi-steel tire companies have some special promotions, which have slightly boosted overall shipments. Some semi-steel tire companies are experiencing stockouts of certain specifications.

Futures and Spot Price List

Market Forecast

Today, the main rubber futures contract continued to fluctuate within a range. Spot prices remained generally stable, with holders showing little willingness to sell at a low price, resulting in relatively firm offers. Raw material prices in overseas production areas declined slightly, reducing the cost support for natural rubber.

Qingdao's general trade inventories continued to decline, but the pace of reduction has slowed. Overall, the current market lacks clear directional guidance, with mixed bullish and bearish sentiment and limited price fluctuations. Natural rubber prices are expected to remain range-bound in the short term.

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