SunSirs: China Natural Rubber Market is Stable currently

https://www.chemnet.com   Aug 07,2024 SunSirs

On August 7, the benchmark price of SunSirs's Natural Rubber was 13,996.00 RMB/ton, an increase of 0.34% compared to the beginning of this month (13,949.00 RMB/ton)..

Annual Statistics of Natural Rubber

(August 7, 2023- August 7, 2024, RMB/ton)

On August 7th, the purchase price of some natural rubber raw materials in Hainan production area remained stable: the guide price for the purchase of state-owned and gold rubber water-based concentrated latex raw materials was 13,400 RMB/ton, which was stable; The purchase price of adhesive based latex raw materials is 13,300 RMB/ton, which is stable; The price for the mixed raw material of No. 10 noon glue is 12,200 RMB/ton, which is stable.

According to data released by the General Administration of Customs of China on August 7th, China imported a total of 613,000 tons of natural and synthetic rubber (including latex) in July 2024, a year-on-year decrease of 3.16% compared to 2023.

From January to July 2024, China imported a total of 3.897 million tons of natural and synthetic rubber (including latex), a year-on-year decrease of 15.98%.

Application of SunSirs Benchmark Pricing

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

 Print  |    add to Favorites  |    Close