September 12th Qingdao Rubber Price

Index

On September 12, the STR20 price index of the natural rubber market in Qingdao was $1,860/ton, stable compared to the previous trading day.

Market Analysis

Futures Market:

Spot Market Supply:

Foreign: Continued rain in Thailand has impacted rubber tapping, tightening raw material supplies and forcing factories to purchase at high prices, pushing average raw material prices higher. Weather conditions in Vietnam's production areas have seen limited improvement, leading to persistent raw material shortages. Processors are actively procuring raw materials to ensure order fulfillment, supporting relatively strong prices.

Domestic: Improved weather conditions in Yunnan's production areas have eased supply pressures somewhat. However, standard rubber processing plants are actively replenishing inventory to meet production targets, resulting in strong demand for raw materials, which is supporting a slight increase in raw material prices. Good weather in Hainan's production areas has led to a seasonal increase in raw material output, but the willingness to replenish high-priced raw materials is limited, leading to a decline in raw material purchase prices.

Demand: It is understood that prices of tire raw materials such as synthetic rubber and carbon black have declined slightly, slightly weakening the cost support for tires. Currently, a few all-steel tire companies have raised their pricing policies, slowing shipments, while most companies are maintaining their previous policies. Semi-steel tire manufacturers are still offering promotional activities to increase shipments, with some companies increasing their snow tire promotions.

Futures and Spot Price List

Market Forecast
Today, the main rubber futures contract saw weak fluctuations, with spot market quotations declining. The market remains unstable and trading cautiously. Recurrent rainy weather in overseas producing areas has kept raw material prices high, and the cost side of the market continues to support rubber prices. With downstream companies actively stocking up for the holidays, natural rubber inventories are expected to continue to decline, potentially leading to wide fluctuations in the short term.

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