Rubber Market: Price & Trend
Index
On July 9, the STR20 price index of natural rubber in Qingdao market was 1720 USD/ton, up 5 USD/ton from the previous trading day.
Market analysis
Futures market:
Spot market supply: Abroad: The overall raw material supply in Thailand has been steadily increasing. Due to the weak demand for concentrated milk, the price of glue has continued to fall. The dry rubber factories are still adding price to compete for raw material production, and the price difference between cups of water has narrowed; the Vietnamese production area has entered a seasonal production increase cycle, the weather has improved, the supply of raw materials has increased, and the purchase price has shown a slight correction trend.
Domestic: The weather in the Yunnan production area has improved, the output of glue has recovered, and the purchase price has been slightly reduced; the weather in the Hainan production area has improved, and rubber tapping operations have been carried out one after another. The supply of raw materials on the island has resumed seasonal growth, but in order to ensure its own production needs, the purchase of raw materials by local processing plants generally maintains a price increase.
Demand: It is understood that most of the maintenance enterprises have resumed work as planned. At present, the production of the equipment is gradually increasing, and the overall output will gradually increase. However, due to the recent reduction in output, it is conducive to the destocking of finished product inventories of enterprises. However, at present, there is no obvious increase in orders, and it is expected that the overall operating rate of enterprises will still be weak.
List of futures and spot prices
Market forecast
Today, the closing price of the main rubber contract fluctuated narrowly, and the spot price mostly followed the narrow adjustment within the disk range. On the supply and demand side, the price of overseas raw materials fell slightly, the cost support weakened, the demand side was obviously in the off-season, and Qingdao's inventory accumulated slightly.
The current natural rubber market is greatly affected by the macro-economics, but it is difficult to form a stable support. It is expected that the natural rubber market will maintain a weak fluctuation within the range in the short term.
Our platform connects hundreds of verified Chinese chemical suppliers with buyers worldwide, promoting transparent transactions, better business opportunities, and high-value partnerships. Whether you are looking for bulk commodities, specialty chemicals, or customized procurement services, TDD-Global is trustworthy to be your fist choice.
