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China
Natural Rubber Mainstream Grade Market Price (unit: RMB/mt)
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Date
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Shanghai SCRWF
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Shanghai SVR 3L mixed
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Shandong RSS 3
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Yunnan SCR 10
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May 9, 2025
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14,500-14,600
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15,900-16,000
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20,000-20,200
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13,800-13,900
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May 12, 2025
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14,550-14,650
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15,900-15,900
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20,000-20,200
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13,700-13,800
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May 13, 2025
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14,800-14,850
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16,000-16,000
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20,300-20,400
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13,900-14,000
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May 14, 2025
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15,100-15,250
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16,100-16,150
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20,200-20,400
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14,100-14,200
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May 15, 2025
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14,900-15,100
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16,050-16,100
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20,200-20,400
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14,000-14,200
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Avg. last week
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14,616.67
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15,958.33
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20,416.67
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13,991.67
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Avg. this week
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14,830.00
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16,010.00
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20,230.00
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13,960.00
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Change rate
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+1.46%
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+0.32%
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-0.91%
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-0.23%
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Change
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+213.33
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+51.67
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-186.67
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-31.67
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Natural Rubber Import Market
Price (unit: $/mt, RMB/mt)
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Date
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STR 20 spot
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SMR 20
spot
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STR 20
mixed spot
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STR 20 cargo
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STR 20
mixed cargo
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SVR 3L
mixed cargo
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STR 20 mixed
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May 8, 2025
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1,730-1,755
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1,725-1,745
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1,750-1,760
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1,750-1,790
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1,750-1,790
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1,900-1,915
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14,340-14,350
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May 9, 2025
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1,720-1,735
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1,715-1,725
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1,740-1,750
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1,740-1,770
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1,740-1,770
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1,900-1,910
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14,260-14,260
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May 12, 2025
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1,780-1,790
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1,770-1,780
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1,800-1,810
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1,800-1,810
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1,800-1,810
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1,925-1,925
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14,700-14,750
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May 13, 2025
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1,790-1,800
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1,780-1,790
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1,805-1,820
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1,805-1,825
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1,805-1,825
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1,930-1,940
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14,720-14,750
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May 14, 2025
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1,805-1,820
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1,795-1,810
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1,825-1,830
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1,825-1,840
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1,825-1,840
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1,950-1,960
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14,900-14,900
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Avg. last week
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1,752.50
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1,743.75
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1,765.00
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1,776.25
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1,776.25
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1,915.00
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14,390.00
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Avg. this week
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1,772.50
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1,763.50
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1,789.00
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1,795.50
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1,795.50
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1,925.50
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14,593.00
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Change rate
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+1.14%
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+1.13%
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+1.36%
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+1.08%
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+1.08%
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+0.55%
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+1.41%
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Change
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+20.00
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+19.75
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+24.00
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+19.25
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+19.25
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+10.50
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+203.00
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Market Review
The average price of RMB-denominated natural rubber in the spot
market moved up this week.
During the week, the natural rubber futures prices at SHFE
fluctuated upward, followed by spot prices. Improved external market sentiment boosted
the commodity market. As for fundamentals, output growth expectations
restricted the market price increase amid lackluster buying interest on the
demand side. However, persistent rainfall in producing regions kept prices
firm, supporting the price from the bottom. Spot market transactions remained
subdued overall, with only some downstream manufacturers showing increased
export activity to fulfill orders following the macroeconomic improvement.
Downstream enterprises mainly purchased on a need-to basis.
Market
Forecast
Forecast:
China’s
natural rubber market may move sideways next week. As the positive
macroeconomic sentiment gradually fades, fundamentals may be the main price
driver for the market price. On the supply side, seasonal factors suggest an
anticipated increase in new rubber output, but actual production may remain
constrained by rainfall, providing some support from the bottom. On the demand
side, downstream product and tire manufacturers may purchase on a need-to basis
as they have yet to see significant order improvements, failing to boost the
market price. It is estimated that the weekly
average price of SCRWF in Shanghai may be RMB 14,850/mt, and its mainstream
prices may be in the range of RMB 14,300-15,300/mt. Going forward, close
attention should be paid to weather conditions in production areas and the
impact of macroeconomic factors.
Demand: Demand may remain lackluster as
downstream sectors enter their seasonal slack period. Tire manufacturers may
purchase on a need-to basis, leaving rubber prices without substantive
demand-side support in the near term.
Tapping start: During the seasonal tapping
cycle, natural rubber output from domestic and overseas production areas may
gradually increase. However, short-term excessive rainfall has kept feedstock
prices firm, supporting the rubber price from the bottom. Close attention
should be paid to rainfall conditions in Thailand’s production zones.