Rubber Spot Market Analysis(March 14, 2025)

Dry rubber

This week, the spot price of rubber still maintained a downward trend, and the spot offer fluctuated at little range, the offer enthusiasm by the holders was general, the downstream is under-performed on purchasing and quotation. The overall trading activity was low, and the downstream tire enterprises maintain a high production and operation level, but the actual selling situation of downstream finished products was not as expected, and the inventory consumption was slow, which was not conducive to the downstream enterprises to a certain extent on the raw material procurement sentiment, and the demand side dragged significantly; On the cost side, the domestic production areas are in the rubber cut-off period, and Thailand has entered the production reduction season, the impact of the supply side has weakened, the supply and demand side of natural rubber has weakened significantly, and rubber prices have remained relatively weak.

Natural rubber latex

This week, the offer price of domestic natural rubber latex spot market fell unabated, the traders' offer enthusiasm was acceptable, the Vietnam thick latex spot supply is limited at the market, and the low-price port products reduced digestion, so the market wait-and-see sentiment is heating up, the spot price decline has slowed down. The inquiry atmosphere of downstream products enterprise has warmed up, and some of them are willing to replenish the warehouse on dips.

Forecast for the future market:  

1. The raw materials in the domestic Yunnan production area have been cut one after another, and the foreign reduction is expected to heat up;

2. It is expected that the yield of tire sample enterprises in the next cycle will increase slightly;

3. The inventory in Qingdao, China continues to accumulate inventory;

4. Exchange rate, Fed interest rate cut, etc.