SunSirs: China Natural Rubber 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 (4.10-4.22). As of April 22, the spot rubber market in China was around 14,350 RMB/ton, a decrease of 1.70% from 14,598 RMB/ton on the 10th. The high point during the cycle was 14,735 RMB/ton, and the low point was 14,310 RMB/ton. Currently, influenced by international trade news, the atmosphere in the domestic rubber market is relatively weak. The price of raw materials has slightly decreased; Domestic Tianjiao Port inventory has slightly decreased compared to the previous period, but overall remains at a high level; The downstream construction is basically stable; The Shanghai rubber market is weak and volatile, while the natural rubber spot market is fluctuating and adjusting.

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