SunSirs: Shanghai Natural Rubber Prices Rise Slightly on March 25

On March 25th, the natural rubber market in Shanghai saw a slight increase. The Shanghai rubber futures market fluctuated and rose, supported by high prices of natural rubber raw materials. Merchants' offers were slightly increased by around 200-300 RMB/ton, while the mainstream prices of Yunbao/Guangken in 2024 were around 16,250-16,350 RMB/ton; 24 years ago, the mainstream price of Haibao was 16,300-16,400 RMB/ton; The mainstream price for 3L in Vietnam is 16,500-16,700 RMB/ton.

The article shows that the spot price of natural rubber has slightly increased by 200-300 RMB/ton, and the Shanghai rubber futures market has risen, with high raw material prices supporting merchants to raise their quotes. Based on recent futures data, such as the closing price of the main contract 2605 at 16,430 RMB up 170 RMB, and the closing price of the 2609 contract at 16,475 RMB up 180 RMB, the overall position change is positive, indicating tight supply and demand recovery, driving prices upward.