Natural Rubber Market Analysis

TuDuoduo - Natural Rubber Daily

01 Index

On September 9, the STR20 price index for the Qingdao natural rubber market stood at 2,505 USD/ton, up 20 USD/ton from the previous trading day.

STR20 Price Index Chart

02 Market Analysis

Market Analysis Chart 1

Market Analysis Chart 2

Overseas

Thailand: Weather conditions in production areas have improved. Second-tier dealers in some regions have increased shipments, factory latex collection volumes have recovered, and raw material procurement prices have stabilized after the earlier rally.

Vietnam: Production areas remain in the rainy season, with predominantly scattered rainfall and no large-scale persistent heavy rain. Daytime tapping operations can continue, but repeated rainfall disruptions have slowed the release pace of new latex below seasonal expectations.

Domestic

Yunnan: Weather conditions in production areas are fair. Some factories have slightly raised low-price offers. Volume is expected to increase as weather improves going forward.

Hainan: Localized rainfall in production areas has slowed the release of new latex. Meanwhile, boosted by rising futures and spot prices, local processing plants have shown improved production enthusiasm, with strong willingness to pay premiums for raw material procurement. The center of gravity for latex procurement prices continues to move up.

Domestic Market Chart

03 Demand

According to reports, tire enterprises show divergent production conditions. Some large-scale enterprises maintain high operating rates, while some small-scale enterprises experience insufficient orders, with output lower than previous levels. Overall, the supply side continues to run steady-to-weak. Although winter tire orders from semi-steel tire enterprises provide some support, winter tire order performance falls short of expectations, and enterprises are cautious in scheduling production.

04 Futures and Spot Price Summary

Futures and Spot Price Table

05 Market Outlook

Bullish factors continue to resonate in the natural rubber market, continuously reinforcing market support. On the cost side, raw material prices in domestic and overseas production areas continue to rise, processing plants show high enthusiasm for restocking, and the pace of raw material procurement has accelerated, further strengthening cost support for natural rubber. On the inventory side, spot inventories continue to destock, persistently easing supply pressure. On the demand side, downstream restocking for essential needs continues, providing a floor for rubber prices. Additionally, the strong uptrend in synthetic rubber, a related product, further bolsters market bullish sentiment.

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