SunSirs: China Domestic Natural Rubber Market Is Weak and Slightly Declining

According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has been weak and slightly declining recently (10.1-10.14). As of October 14th, the spot rubber market price in China's natural rubber market was around 14,391 RMB/ton, a decrease of 1.87% from 14,666 RMB/ton at the beginning of the month. On the one hand, the high prices of natural rubber raw materials have fallen, which has weakened the support for the natural rubber market; On the other hand, during the downstream tire festival period, the overall operating capacity was low, which had a negative impact on natural rubber. Despite the continued slight destocking of natural rubber inventory at the port, the natural rubber market has experienced a slight decline due to cost and demand factors. As of October 14th, the mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14,200-14,550 RMB/ton.