On December 10th, the natural rubber market in Qingdao saw a slight increase. Downstream on-demand inquiries, slight consolidation of raw material prices, narrow fluctuations in futures market, slight increase of 100-200 RMB/ton in merchant offers, and mainstream price range of 14,850-15,150 RMB/ton for 24 years on Yunbao. The mainstream price for 3L in Vietnam is 15,250-15,400 RMB/ton.
This reflects stable downstream demand, and the consolidation of raw material prices supports the bullish trend of spot prices. The futures market rose synchronously, with the closing price of the main contract 2610 at 15,325 RMB/ton, up 190 RMB/ton, and the settlement price at 15,295 RMB/ton, showing positive growth in both upward and downward trends, indicating short-term bullish sentiment. The improvement in comprehensive spot demand and the rise in futures prices have obvious positive factors, but the increase is moderate and has not reached the level of significant positive news.
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