Rubber Market Analysis(March 21, 2025)

1. Analysis of rubber spot market

Dry rubber

This week, the spot price of rubber still maintained a downward trend, and the domestic Yunnan producing areas on the supply side have entered the cutting period one after another, and the climatic conditions are acceptable, but the output of raw materials in the early stage of cutting is small, so the price of raw materials remains relatively high for the time being; On the demand side, tire factories are running at a high rate, but the finished product inventory is slowly digested from the bottom up, so the actual procurement demand remains relatively weak, the Qingdao inventory still maintains a narrow range of accumulation. The natural rubber fundamental support area tends to weaken, and the rubber price remains relatively weak.

Natural rubber latex

This week, the domestic natural rubber latex spot market offer price fell unabated, the traders' offer enthusiasm is acceptable, the Vietnam CNR spot supply is limited, superimposed on the low price of the port to reduce the source of goods in the port, the market wait-and-see sentiment is heating up, the spot price decline has slowed down, the downstream products enterprise inquiry atmosphere has warmed up, and some of them are willing to replenish the warehouse on dips.

Forecast for the future market:  

1. The raw materials in the domestic Yunnan production area have been cut one after another, and the foreign reduction is expected to heat up;

2. It is expected that the operating rate of tire sample enterprises in the next cycle will increase slightly;

3. The inventory in Qingdao, China continues to be accumulated;

4. Exchange rate, Fed interest rate cut, etc.