On November 5th, the natural rubber market in Qingdao was running weakly. Downstream on-demand inquiries, high raw material prices consolidation, weak and volatile futures market, spot merchants offering discounts ranging from 50 to 150 RMB/ton, with the mainstream price range of 14,300-14,650 RMB/ton for Yunbao in 24 years. The mainstream price for 3L in Vietnam ranges from 14,900-15,200 RMB/ton.

The article shows that the natural rubber spot market in Qingdao is operating weakly, with downstream demand inquiring on demand. Raw material prices are consolidating at a high level, but merchant offers have been lowered by 50-150 RMB/ton. In 2024, the mainstream price of Yunbao was 14,300-14,650 RMB/ton, and the price of 3L in Vietnam was 14,900-15,200 RMB/ton. This has led to a downward pressure on spot prices, reflecting weak demand and supply pressure. In terms of the futures market, the main contract for natural rubber, such as 2601, has a settlement price of 14,960 RMB/ton, a decrease of 130 RMB. The change in holdings shows weak fluctuations, exacerbating the downward trend in prices. The overall market sentiment is bearish, dominated by negative factors, but the downward adjustment has not reached a significant level.

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