On January 8, the natural rubber raw material market in Thailand experienced an upward trend: smoked sheet was quoted at 61.15 Thai baht/kg, up by 0.15 Thai baht/kg; latex was quoted at 55.75 Thai baht/kg, up by 0.50 Thai baht/kg; and cup lump was quoted at 53.40 Thai baht/kg, up by 0.20 Thai baht/kg. PriceSeek analysis of natural rubber, with a long-short rating of 1.5: The prices of natural rubber raw materials in Thailand (smoked sheet, latex, cup lump) have risen across the board. The increase in raw material costs will directly drive up the production costs of spot goods, which is favorable for natural rubber spot prices. In terms of futures, recent main contracts such as 2605 (closing price 16,180 yuan/ton, up 185 yuan) and 2610 (closing price 16,255 yuan/ton, up 305 yuan) have shown an upward trend. The rise in raw material costs may further support futures prices and strengthen market bullish expectations, but the increase is relatively moderate, hence the rating is generally favorable with a slight bullish bias.