On February 4th, the natural rubber market in Shanghai showed a slight rebound, with prices rising slightly. The Shanghai rubber futures market fluctuated upwards, with raw material prices slightly consolidating. Spot merchants raised their offers by 100-200 RMB/ton, while the mainstream quotes for Yunbao/Guangken in 2024 were 16,100-16,300 RMB/ton; 24 years ago, the mainstream price of Haibao was 16,200-16,400 RMB/ton, and the mainstream price of 3L in Vietnam was 16,450-16,600 RMB/ton.
This indicates a slight rebound in market conditions and an improvement in demand. At the same time, the Shanghai rubber futures market fluctuated upwards, and combined with recent futures data (such as the closing price of contract 2605 on February 3, 2026 at 16,180 RMB/ton, and changes in holdings indicating market activity), it is expected that short-term futures prices may continue to rise moderately. Overall, both spot and futures are supported by favorable factors, but the increase is limited.
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