On December 1st, the natural rubber market in Qingdao was weakly consolidated. Downstream on-demand inquiries have led to a slight decrease in raw material prices at high levels, and the futures market has been volatile and consolidated. Merchants have lowered their offers by 500-200 RMB/ton, and the mainstream price of Yunbao in 2024 is 14,750-15,100 RMB/ton. The mainstream price for 3L in Vietnam is 15,250-15,400 RMB/ton.

The article shows that the natural rubber market in Qingdao has been weakly consolidated, with weak downstream demand and on-demand inquiries. Raw material prices have slightly decreased from high levels, and merchant offers have been lowered by 500 to 200 RMB/ton. Spot prices, such as the mainstream price of 14,750 to 15,100 RMB/ton for Yunbao in 2024 and 15,250 to 15,400 RMB/ton for 3L in Vietnam, indicate downward pressure on prices due to oversupply and insufficient demand of spot goods. Combined with the fluctuations in the futures market, the latest futures data such as the 2611 contract's rise and fall of -190 RMB/ton (settlement price of 15,290 RMB/ton) shows a downward trend in futures prices, enhancing overall bearish expectations.

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