SunSirs: China Shanghai Natural Rubber Spot and Futures Markets Both Rise

On April 20, the natural rubber market in the Shanghai region trended upward. Shanghai rubber futures experienced volatile upward movement; market trading was dominated by small-volume orders, and merchants raised their quoted prices by 150–250 RMB/ton. Mainstream quotes for 2024-vintage "Yunbao" and "Guangkeng" brands ranged from 16,850 to 17,000 RMB/ton; 2024-vintage "Haibao" was quoted mainly between 16,900 and 17,050 RMB/ton; and Vietnam 3L rubber was quoted primarily between 16,950 and 17,150 RMB/ton.

The report indicates that on April 20, 2026, spot prices for natural rubber in the Shanghai region were raised by 150–250 RMB/ton. Prices for mainstream brands—such as Yunbao/Guangkeng, Haibao, and Vietnam 3L—reached a range of 16,850 to 17,150 RMB/ton. The rising market trend, coupled with a prevalence of small-volume transactions, reflects strengthening spot demand and tightening supply—factors that are bullish for spot prices. Concurrently, Shanghai rubber futures exhibited volatile upward momentum. When viewed in conjunction with futures data from April 17 (e.g., the benchmark contract 2609 closing at 16,630 RMB/ton, down 220 RMB), the current upward movement signals an improvement in market sentiment and an inflow of capital, effectively reversing the previous downward trend and creating a bullish outlook for futures prices.