On February 10th, the natural rubber market in Shanghai saw a slight increase. The Shanghai rubber futures market fluctuated within a certain range, with raw material prices slightly rising. Some spot merchants raised their offers by 50-100 RMB/ton, while the mainstream quotes for Yunbao/Guangken in 2024 were 16,100-16,250 RMB/ton; 24 years ago, the mainstream price of Haibao was 16,200-16,350 RMB/ton, and the mainstream price of 3L in Vietnam was 16,500-16,600 RMB/ton.

The article shows that the spot market for natural rubber in Shanghai has slightly increased, with merchants raising their offers by 50-100 RMB/ton. For example, the mainstream prices of Yunbao/Guangken in 2024 were 16,100-16,250 RMB/ton, and Haibao in 2024 were 16,200-16,350 RMB/ton, indicating tight supply or increased demand in the spot market, which is favorable for spot prices. The rise in raw material prices supports the cost side. Although Shanghai rubber futures fluctuate within a certain range, they are affected by the rise in spot prices. Main contracts such as 2605 (settlement price of 16,195 RMB/ton on February 9, up 85 RMB) may receive support, and futures prices are expected to rise in the future. Overall evaluation shows that spot prices have risen sharply, while futures have fluctuated slightly.

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