On September 24th, the natural rubber market in Shanghai experienced fluctuations and rebounded. The raw material prices have slightly fallen, and market transactions are average near the long holiday. Merchants have slightly increased their offers by 50-100 RMB/ton. Currently, the mainstream prices for Guangken, Baodao, and Haibao full latex in Qingdao in 2023 are 14,850-15,100 RMB/ton; The mainstream price for the 24 year wide reclamation of latex in Qingdao area is 14,950-15,200 RMB/ton; The mainstream price for 3L in Vietnam is 15,250-15,400 RMB/ton.

On September 24th, the benchmark price of natural rubber in SunSirs was 14,883.33 RMB/ton, a decrease of 0.56% compared to the beginning of this month (14,966.67 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.