Natural Rubber Price Rises Sept 5

Index

On September 5th, the STR20 price index of the natural rubber market in Qingdao was $1,895/ton, up $40/ton from 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.

Average raw material prices continued 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: Rainfall in Yunnan's producing areas eased, significantly improving rubber output. However, pressure on raw material supply remained, supporting a continued strong trend in raw material purchase prices. Weather conditions in Hainan's producing areas improved, and raw material production gradually resumed normal release. However, due to poor orders and profits, local processors' enthusiasm for restocking high-priced raw materials declined, leading to a decline in raw material purchase prices.

On the demand side: It is understood that equipment at companies undergoing maintenance has not yet resumed operations, and the overall tire production rate remains relatively low. It is reported that some companies will gradually resume night shifts, which will drive a recovery in the overall production rate, resulting in generally stable shipments.

Futures and Spot Price List

Market Forecast

Today, the main rubber futures contract saw broad upward movement, with spot quotes following suit and holders cautious in their bids. Raw materials remain at high levels, supporting costs, and spot inventories continue to decline. Strong fundamental support continues, coupled with a positive macroeconomic outlook. We anticipate rubber prices to remain firm and consolidate in the short term.

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