Natural Rubber Market Update (January 21)
Index
On January 21st, the STR20 price index for natural rubber in the Qingdao market was $1890/ton, up $10/ton from the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply Side:
International: Reduced rainfall in Thailand has led to the peak seasonal tapping season. Improved demand from the EU and better factory orders have driven up cup lump prices. In Vietnam, temperatures are showing a slight upward trend, but the dry content of raw materials continues its seasonal decline. Coupled with the approaching end of the month for tapping in the central and northern regions, overall raw material output is showing a seasonal decrease.
Domestic: Tapping has ceased in Yunnan and Hainan.
On the demand side: It is understood that some semi-steel tire manufacturers with a large proportion of exports to Europe have recently had sufficient foreign trade orders, and their production remains at a relatively high level. Currently, their overall inventory levels have further increased, while domestic sales are slow, mainly maintaining just-in-time demand. Overall, sales pressure on these companies remains.
Futures and Spot Price Overview
Market Outlook
Today, the futures market continued its range-bound trading pattern, with an overall slightly stronger trend. The natural rubber spot market remained stable, with moderate trading activity. Overseas raw material prices continued to decline, weakening the support level for natural rubber, while downstream production and sales pressures remained. The current market sentiment is bearish, and the market is likely to continue its weak and volatile pattern in the short term.
Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.
