On December 15th, the natural rubber raw material market in Thailand's production areas remained stable with an upward trend: cigarettes were priced at 60.25 baht/kg, up 0.25 baht/kg; Glue price is 55.50 baht/kg, up 0.25 baht/kg; The cup adhesive price is 51.25 Thai baht/kg, stable.
The article shows that the prices of natural rubber raw materials in Thailand's production areas are steadily rising, with cigarette and glue prices increasing by 0.25 baht/kg respectively, and cup glue prices remaining stable, indicating an increase in supply side costs that may push up the spot prices of natural rubber. Based on futures market data, the main contract for natural rubber futures, 2605, has recently closed at 15,230 RMB/ton, up 40 yuan, with an increase in holdings of 3,856 lots, indicating a bullish sentiment in the market. The new information may strengthen the upward trend of futures prices, supporting bullish confidence, but the increase is relatively small, so it is rated as a general positive.
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