September 17th Qingdao Rubber Price Update

Index

On September 17, the STR20 price index of the natural rubber market in Qingdao was $1,860/ton, down $10/ton from the previous trading day.

Market Analysis

Futures Market:

Spot Market Supply:

Internationally: 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 producing 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. Domestically: Improved weather conditions in Yunnan's producing areas have eased supply pressures.

However, standard rubber processing plants are actively replenishing inventory to meet production targets, resulting in strong demand for raw materials, supporting a slight increase in raw material prices. Rainfall in parts of Hainan's producing areas has frequently impacted tapping operations, resulting in a slow seasonal increase in new rubber production. Constrained by orders and profit performance, local processing plants are generally unenthusiastic about rushing to purchase raw materials at high prices.

On the demand side: It is understood that most companies are operating steadily. Some semi-steel tire companies, due to production scheduling and concentrated foreign trade shipments, are experiencing shortages of certain domestic specifications. This has impacted the domestic market's order fulfillment rate to a certain extent, but the current shortages have little impact on overall market demand.

Futures and Spot Price List

Market Forecast

Today, the main rubber futures contract saw weak fluctuations. Overseas raw materials rebounded, and spot inventories continued to decline. Natural rubber fundamentals remain stable. Combined with the positive macroeconomic outlook this week, market sentiment has been significantly boosted, and rubber prices are expected to continue to fluctuate within a range.

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