Natural Rubber Market Brief
Index
On September 10, the STR20 price index of natural rubber in the Qingdao market was $1,865/ton, stable compared to the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply:
Overseas: A new typhoon arrived in Thailand, and heavy rains impacted rubber tapping operations. Flooding occurred in parts of northern Thailand, leading to tight raw material supplies and factories purchasing at high prices, causing average raw material prices to continue to rise. Weather in Vietnam's producing areas improved compared to last week, but tapping operations were disrupted by intermittent rainfall. Raw material supply remained tight, but output showed a slow recovery. Processors actively purchased raw materials to secure orders, supporting stable to slightly strong prices.
Domestic: Supply in Yunnan's producing areas gradually increased, and processors remained eager to harvest raw materials, maintaining firm raw material purchase prices. Weather in Hainan's producing areas was favorable, and rubber tapping operations continued as normal. Raw material output showed a seasonal increase. However, processors, lacking orders and production profit margins, were reluctant to restock high-priced raw materials.
On the demand side: It is understood that tire manufacturers are currently operating steadily. With production capacity returning to normal levels following previous maintenance and production cuts, output is gradually increasing, and out-of-stock specifications are being replenished. Recent shipments have been average, with inventory reductions slowing.
Futures and Spot Price List
Market Forecast
Today, the main rubber futures contract continued its volatile trend, with spot quotes fluctuating narrowly in line with the market, and inquiries were generally subdued. While upstream costs remain supportive, downstream resistance to high-priced raw materials is weighing on rubber prices. Coupled with waning capital sentiment, rubber prices will likely remain weak and consolidate in the short term.
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