Natural Rubber Market Update (January 6)
Index
On January 6th, the Qingdao STR20 price index for natural rubber was $1915/ton, up $25/ton from the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply Side:
International: Weather in Thailand is generally normalizing, and there are signs of easing tensions between Thailand and Cambodia. Most areas in the northeast are in the peak tapping season, and factories are starting to stockpile raw materials, keeping cup lump prices relatively firm. Supply in the southern producing areas is gradually increasing, dragging down latex prices. Weather in Vietnam is generally good, and tapping operations have not been disturbed, with raw material supply remaining stable at normal levels.
Domestic: Tapping has stopped in Yunnan. Tapping has basically stopped in the central and eastern parts of Hainan, while some rubber plantations in the western region are still tapping normally. Currently, the dry content of fresh latex has dropped to a low level, and some private processing plants have gradually ceased operations.
On the demand side: It is understood that most companies that underwent maintenance during the New Year's Day holiday have resumed production as planned, and their production is in the recovery phase, gradually returning to normal levels in the coming days. However, some companies are still under maintenance, resulting in slower overall shipments and slower inventory reduction for finished products.
Futures and Spot Prices Overview
Market Forecast
Today, the futures market maintained a slightly bullish and volatile pattern, with spot prices rising slightly in line with the futures market. High overseas raw material prices provided strong cost support for rubber. Downstream restocking after the holiday was cautious, and the demand for Thai mixed rubber was weak.
Natural rubber inventories in Qingdao showed a significant accumulation, suppressing bullish sentiment in the market. The battle between bulls and bears continues, and a volatile pattern is expected to continue.
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.
