On January 20th, the natural rubber market in Qingdao experienced a slight decline. Downstream on-demand inquiries, stable raw material prices, slight downward trend in futures market, spot merchants' offers reduced by around 50-150 RMB/ton, and the mainstream price of Yunbao in 24 years is around 15,400-15,550 RMB/ton. The mainstream price for 3L in Vietnam ranges from 15,900 to 16,100 RMB/ton.

Reason for rating: The article shows that the spot price of natural rubber in Qingdao has decreased by 50-150 RMB/ton, mainly due to downstream demand inquiry and a slight decline in futures market, resulting in a decrease in merchant offers. In terms of spot goods, the mainstream price of Yunbao in 24 years has dropped to 15,400-15,550 RMB/ton, and the mainstream price of 3L in Vietnam has dropped to 15,900-16,100 RMB/ton, reflecting weak demand and futures drag. In terms of futures, based on the latest data, natural rubber futures contracts generally fell on January 19, 2026. For example, the settlement price of the main contract 2605 was 15,760 RMB/ton (down 155 RMB), and the settlement price of the 2609 contract was 15,710 RMB/ton (down 160 RMB). The decrease in holdings indicates a continued bearish sentiment in the market. The overall decline is relatively small and belongs to the general bearish impact, which is expected to put short-term price pressure.

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