On November 17th, the natural rubber market in Qingdao saw a slight increase. Downstream on-demand inquiries, high raw material prices, volatile futures market consolidation, slight increase in merchant offers by 50-100 RMB/ton, with the mainstream price range of 14,800-15,100 RMB/ton for Yunbao in 24 years. The mainstream price for 3L in Vietnam is 15,250-15,450 RMB/ton.

The article shows that on November 17th, the spot price of natural rubber in Qingdao area slightly increased, with merchants raising their offers by 50-100 RMB/ton. The mainstream price of Yunbao in 24 years is 14,800-15,100 RMB/ton, and the mainstream price of 3L in Vietnam is 15,250-15,450 RMB/ton. This indicates that downstream on-demand inquiries and high raw material prices provide support for the spot market, driving prices up slightly. Based on the latest futures data (such as the closing price of contract 2605 on the Shanghai Futures Exchange at 15,300 RMB/ton, up or down -25; the closing price of contract 2607 at 15,360 RMB/ton, up or down -45), the futures market has fluctuated and consolidated, with some contract prices fluctuating but overall not forming a significant trend, reflecting the neutrality of market sentiment. The increase in spot prices is clear but limited, therefore the rating is generally positive+1. In the future, attention should be paid to downstream demand and changes in raw material costs, which may continue to support a slight increase in spot prices.

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