Zhuochuang Information: Natural Rubber Market Price Trading Range Declines

Today, the natural rubber market prices declined. The mainstream transaction price for SCRWF in Shanghai for 2024 is between 16,750 and 16,850 yuan/ton, down 150 yuan/ton from the previous trading day. The mainstream transaction price for Vietnam 3L mixed rubber is around 17,050 to 17,150 yuan/ton, down 50 yuan/ton from the previous day. The futures market is weak and declining, and the spot market prices are generally following suit. After the holiday, raw material prices overall increased, but downstream orders are moderate and mainly focused on digesting pre-holiday stock, leading to a generally subdued market atmosphere and low trading activity. (Zhuochuang Information)

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