On January 28, the early morning market for natural rubber in the Qingdao region showed a slight uptick. SHFE rubber futures experienced volatile upward movement, while raw material prices remained stable with an upward bias. Spot traders raised their offers by 100–200 yuan/ton, with mainstream quotes for 2024 Yunnan Bao brand at 16,050–16,300 yuan/ton and Vietnamese 3L at 16,300–16,500 yuan/ton.
PriceSeek analysis of natural rubber indicates a bullish-bearish score of 1. The article highlights that spot prices for natural rubber in Qingdao edged higher during the early session, with traders increasing offers by 100–200 yuan/ton (e.g., 2024 Yunnan Bao quoted at 16,050–16,300 yuan/ton, Vietnamese 3L at 16,300–16,500 yuan/ton), suggesting stronger demand or tightening supply, which is favorable for spot prices.
Simultaneously, SHFE rubber futures exhibited volatile upward movement. Combined with the closing price of the main contract 2605 at 16,205 yuan/ton on January 27 (settlement price 16,160 yuan/ton, open interest 176,097 lots), market sentiment has improved, and short-term rebound expectations have strengthened, providing support for futures prices.
Overall, both spot and futures markets are showing an upward trend, which is favorable for short-term price performance.
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