Natural Rubber Prices Strengthen Further

Index

On September 3rd, the STR20 price index of the natural rubber market in Qingdao was $1,845/ton, up $5/ton from the previous trading day.

Market Analysis

Futures Market:

Spot Market

Supply:

Overseas: Heavy rains in northern and southern Thailand, accompanied by typhoons, have tightened raw material supply, prompting factories to purchase at high prices, pushing the average price of raw materials higher. Typhoon-affected Vietnamese production areas experienced heavy nighttime rainfall, hindering tapping operations and supporting rising raw material purchase prices.

Domestic: Continuous rainfall in Yunnan's production areas has hampered tapping, tightening raw material supply and driving a slight increase in raw material prices. The typhoon's impact in Hainan has weakened, and tapping operations have gradually resumed. However, given the potential for continued weather fluctuations in the production areas, some processing plants are raising prices to ensure production and fulfillment, further driving up raw material prices.

Demand: It is understood that some factories in Dongying's main production area have temporarily shut down, dragging down overall operating rates. Most factories will restart in the next two days. Overall shipments were generally average at the beginning of the month, with most companies maintaining ample inventories.

Futures and Spot Prices Overview

Market Forecast

Today, the main rubber futures contract saw strong fluctuations, with spot quotes adjusting within the market range. The market's center of gravity was unstable, and holders offered flexible prices. High raw material prices provided strong support; spot inventories continued to decline, and fundamental support remained strong. Coupled with a positive macroeconomic outlook, rubber prices are expected to continue their strong consolidation trend in the short term.

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