SunSirs: China Natural Rubber Market Fluctuates with Small Gains

According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has been fluctuating and slightly rising recently (6.11-6.18). As of June 18th, the spot rubber market in China was around 13,858 RMB/ton, an increase of 0.73% from 13,758 RMB/ton on the 11th. There is a slight fluctuation in downstream tire production, which provides some rigid support for rubber; The raw material prices have slightly increased, and the cost of Tianjian continues to be supported. The cost and demand support have driven the recent slight increase in natural rubber prices. As of June 18th, the mainstream price for 23 years of Guangken, Baodao, and Haibao latex in Qingdao is 13,800-14,100 RMB/ton. However, judging from the prices of natural rubber raw materials and port inventory, there is still some pressure on the natural rubber market.

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