Oct 20th Qingdao Rubber Price & Forecast

October 22, 2025, 2:24 PM

TDD-global

5080

Guide

Highlights at a glance

On October 20, the STR20 natural rubber price index in Qingdao held steady at $1,830/ton. Global supply conditions vary: Thailand faces uneven rainfall impacting southern regions, while Vietnam’s output normalizes with improved weather. Domestically, Yunnan and Hainan see ongoing rain disruptions, but high processing costs and weak margins suppress raw material purchases, leading to lower buying prices. Demand remains stable overall, with some firms reporting improved shipments due to promotional sales, while others face slower turnover after price hikes. In the futures market, prices remain volatile at elevated levels. Although downstream demand is steady, cautious buying persists. With mixed market sentiment and weakening cost support from raw materials, rubber prices are expected to consolidate with short-term fluctuations.

Index

On October 20, the STR20 price index of the natural rubber market in Qingdao was $1,830/ton, stable compared to the previous trading day.

Market Analysis

Futures Market:

Spot Market

Supply:

Overseas: Rainfall has eased in northeastern and northern Thailand, while irregular rainfall has disrupted southern Thailand. Prices for rubber raw materials may continue to diverge. Weather in Vietnam's production areas has improved, and rubber supply is returning to normal. Supported by domestic demand from factories, rubber price fluctuations are limited.

Domestic: Rainfall disturbances persist in Yunnan, but the overall impact is minimal. Processing plants are constrained by high processing costs and inverted profits, leading to a slight decrease in raw material purchase prices. Rainy weather disturbances persist in Hainan's production areas, slowing supply growth. However, due to continued losses in processing profits, local processing plants are generally reluctant to purchase raw materials, resulting in a decline in rubber purchase prices.

Demand: It is understood that production remains generally stable, with some variations in overall shipment performance. Some companies are offering promotions interspersed with sales, resulting in improved shipments compared to pre-holiday levels. Others have seen price increases for some products, slowing the pace of shipments.

Futures and Spot Price List

Market Forecast

Today, the main rubber futures contract remained volatile at a high level, with spot quotes shifting slightly upward. Improved overseas weather is putting pressure on raw material prices, and there is a risk that the cost support for rubber prices may weaken further. Downstream demand has remained relatively stable, and cautious purchasing is maintained for essential needs. Inquiries are generally modest. Amidst a mixed bull and bear market, rubber prices are expected to fluctuate and consolidate in the short term.

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