Oct 28 Natural Rubber Market
Index
On October 28th, the Qingdao STR20 price index for natural rubber was $1880/ton, unchanged from the previous trading day.
Market Analysis
Futures Market:
Spot Market
Supply Side:
International: Typhoon in Thailand caused heavy rainfall in southern producing areas, hindering raw material supply. Factories raised prices, driving up both latex and cup lump prices. In Vietnam, typhoon-affected production and rainfall limited overall raw material supply, supporting relatively firm latex prices.
Domestic: Rubber tapping in Yunnan was normal, with adequate raw material supply. Driven by strong futures and spot markets, raw material purchase prices remained firm. In Hainan, increased rainfall slowed the recovery of tapping operations, limiting raw material production. Given the potential for continued weather disturbances, some processing plants raised prices to secure raw materials to meet their production and order needs, further pushing up raw material prices.
On the demand side: It is understood that enterprise operations are generally stable, and there are no significant changes in supply. With the end of the month approaching, enterprise shipments are concentrated, which to some extent helps reduce inventory. Some enterprises still experience shortages of regular domestic sales specifications, but this has no significant impact on overall shipments.
Futures and Spot Prices Overview
Market Forecast
Today, the main rubber futures contract fluctuated weakly, and spot offers followed the futures market with a slight downward adjustment. The futures market is unstable, but the raw material market remains strong, providing continued support for rubber prices. Inventories continue to decline slightly, and downstream enterprises are cautious about stockpiling high-priced raw materials. Trading sentiment is moderate, but short-term bullish sentiment remains strong, and rubber prices are expected to maintain a slightly upward trend.
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