On August 28th, the benchmark price of natural rubber in SunSirs is 14,908.33 RMB/ton, an increase of 1.42% compared to the beginning of this month (14,700.00 RMB/ton).

On August 27th, the natural rubber market in Qingdao area saw a high-level consolidation. The prices of raw materials in the market have remained stable with slight increases, while Shanghai rubber has fluctuated at a high level. The spot market for Tianjin rubber has made a slight adjustment in its offers. Currently, the mainstream prices for Guangken, Baodao, and Haibao latex in Qingdao for 23 years range from 14,800 to 14,950 RMB/ton; The mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14,900-15,200 RMB/ton; The mainstream price for 3L in Vietnam ranges from 14,900 to 15,250 RMB/ton.

Application of SunSirs Benchmark Pricing

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.