Natural Rubber Price Dips (January 19)
Index
On January 19th, the Qingdao STR20 natural rubber price index was $19,050/ton, down $5/ton from the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply Side:
Internationally: 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 in producing areas 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 there are some differences in the operation of enterprise facilities recently. Some all-steel tire manufacturers are facing increased pressure to ship goods and are controlling production to manage inventory. Some semi-steel tire manufacturers, supported by foreign trade orders, have increased their operating rates to high levels. Currently, these companies are in the inventory building phase, and inventory continues to increase.
Futures and Spot Price Overview
Market Outlook
Today, the futures market maintained a volatile pattern. Overseas raw material prices experienced a brief pullback, weakening cost support and dampening bullish sentiment. Downstream production and sales pressures remain. The overall commodity market is under pressure, and rubber prices may decline further in the short term.
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