On February 11th, the natural rubber market in Shanghai saw a slight increase. The Shanghai rubber futures market has seen a significant upward trend, with raw material prices continuing to rise. Spot merchants have raised their offers by 100-300 RMB/ton, while the mainstream quotes for Yunbao/Guangken in the 24th year range from 16,350 to 16,550 RMB/ton; 24 years ago, the mainstream price of Haibao was 16,450-16,650 RMB/ton; The mainstream price for 3L in Vietnam is 16,550-16,650 RMB/ton.

This indicates a tight supply or increased demand in the market, which is favorable for spot prices. At the same time, the Shanghai rubber futures market has risen significantly, combined with the latest futures data (such as the settlement price of 2605 contract at 16,310 RMB/ton, up and down +115), changes in holdings and trading volume have strengthened the bullish trend, providing support for futures prices.

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