SunSirs: The Natural Rubber Market Prices in China Shandong and Shanghai Increased on July 26

https://www.chemnet.com   Jul 26,2024 SunSirs

On July 26th, the price of natural rubber in the Shandong region rose. Natural rubber futures prices have fluctuated, with weak market demand for essential goods, and spot market merchants have slightly increased their offers by 50-250 RMB/ton. As of now, the 23 year Guangken full latex report is 14,300-14,350 RMB/ton; In 2022, Baodao/Guangkenbao reported a price of 14,000-14,050 RMB/ton; Thai RSS3 reports 18,200-18,250 RMB/ton; The price for 3L in Vietnam ranges from 14,600 to 14,650 RMB/ton.

On July 26th, the natural rubber market in Shanghai experienced an upward trend. Downstream demand is weak, and the price range of Shanghai adhesive is fluctuating. Spot merchants have raised their offers by around 100-200 RMB/ton. In 2022, the price of Baodao full latex was reported at 14,000-14,150 RMB/ton, and in 2023, the price of Thai No. 3 cigarette adhesive was reported at 18,200-18,250 RMB/ton. Vietnam 3L was reported at 14,450-14,500 RMB/ton.

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