SunSirs: Thailand's Natural Rubber Raw Material Prices Stable-to-Lower

On April 20, market conditions for natural rubber raw materials in Thailand's production regions trended stable-to-lower: Smoked Sheets were quoted at 80.00 THB/kg, down 1.00 THB/kg; Latex was quoted at 78.00 THB/kg (unchanged); and Cup Lump was quoted at 64.00 THB/kg, down 0.20 THB/kg.

In the Thai raw material market, Smoked Sheets fell by 1.00 THB/kg and Cup Lump by 0.20 THB/kg, while Latex remained stable; the overall trend was stable-to-lower. This reflects either ample supply or weak demand—factors that could exert downward pressure on spot prices for natural rubber. When combined with recent futures data—such as the settlement price of 16,610 RMB/ton for the 2609 contract (a decline of 220 RMB/ton), which indicates a downward trend—this market news is likely to intensify the downward pressure on futures prices, constituting a generally bearish signal.