SunSirs: China Domestic Natural Rubber Spot Market is Weak and Volatile

According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has been weak and volatile recently (7.1-7.9). As of July 9th, the spot rubber market in China's natural rubber market was around 13,908 RMB/ton, a decrease of 0.14% from 13,928 RMB/ton on the first day, and the high point during the cycle was 13,983 RMB/ton. Downstream semi steel tire production has slightly decreased, providing weak support for rubber rigid demand; The slight decline in raw material prices, coupled with the continued increase in port inventories, still puts some pressure on the natural rubber market. As of July 9th, the mainstream price for 23 years of Guangken, Baodao, and Haibao latex in Qingdao is 13,850-14,150 RMB/ton.

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