On December 25th, the natural rubber market in Qingdao saw a significant increase. Downstream on-demand inquiries have led to a slight decrease in raw material prices, and the futures market has fluctuated upwards. Merchants' offers have been slightly adjusted upwards by around 200-300 RMB/ton, while the mainstream price of Yunbao in the 24th year is around 15,250-15,450 RMB/ton. The mainstream price for 3L in Vietnam is 15,450-15,600 RMB/ton.
The article shows that on December 25th, the spot price of natural rubber in Qingdao area rose significantly, and merchants raised their offers by 200-300 RMB/ton (such as 24 year Yunbao reporting 15,250-15,450 RMB/ton, Vietnam 3L reporting 15,450-15,600 RMB/ton), reflecting stable spot demand (downstream on-demand inquiries) and the driving force of futures market (futures fluctuating upwards), which is favorable for spot prices. Based on futures data, natural rubber contracts on the Shanghai Futures Exchange generally rose on December 24th (such as the 2601 contract rising 155 points to 15,620 RMB/ton, and the 2605 contract rising 155 points to 15,650 RMB/ton), with active trading volume (such as the 2605 contract trading volume of 342,513 lots), and changes in positions indicating increased market confidence (such as the 2609 contract position increasing by 3,118 lots). Overall, the upward adjustment of spot prices and the upward trend of futures prices have a synergistic effect, reflecting tight supply or increased demand, which significantly benefits spot and futures prices.
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