Natural Rubber Weekly Trend & Forecast

This week, spot rubber prices continued to fluctuate, with quotations showing signs of downward adjustment. Holders were cautious in their offers and showed little willingness to sell at low prices. Raw material prices remained firm, maintaining cost support.

Downstream demand was moderate, with spot inventories continuing to decline slightly. Current market transactions were primarily driven by just-in-time demand. Overall, fundamental support remains relatively strong, and natural rubber prices are expected to fluctuate within a range in the short term.

This week, natural rubber latex spot market quotations were firm and consolidated, with traders showing only moderate enthusiasm for quoting. Futures prices fluctuated upward, with upstream processing plants raising their cargo prices.

Meanwhile, spot supply pressure in sales areas was minimal, with holders offering narrowly rising prices. Downstream product manufacturers showed a generally neutral inquiries, with a wait-and-see attitude, with small purchases made at bargain prices, and transactions negotiated.

Market Forecast:

1. Rainy weather will continue to disrupt raw materials, leading to a gradual release of raw materials.

2. Operating rates at sample tire manufacturers are expected to improve in the next cycle.

3. Inventories in Qingdao, China continue to decline.

4. Exchange rates and the Federal Reserve's interest rate cut are factors.

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