Core Insights - The domestic futures market for natural rubber is experiencing a significant decline, with the main contract opening at 15,400.00 CNY/ton and a drop of 2.68% observed during the trading session [1] Summary by Sections Market Performance - As of the midday close, the highest price for natural rubber futures reached 15,465.00 CNY, while the lowest was 15,050.00 CNY [1] - The total warehouse receipts for natural rubber on the Shanghai Futures Exchange decreased by 1,220 tons compared to the previous trading day, totaling 121,670 tons [1] Export Data - Thailand's natural rubber exports (excluding compound rubber) for the first three quarters of 2025 totaled 1.993 million tons, reflecting an 8% year-on-year decline [1] - Specific export figures include: - Standard rubber: 1.116 million tons, down 20% year-on-year - Sheet rubber: 308,000 tons, up 22% year-on-year - Latex: 556,000 tons, up 10% year-on-year [1] - Exports to China amounted to 759,000 tons, marking a 6% increase year-on-year [1] Inventory Levels - As of October 20, 2025, the rubber inventory at the Osaka Exchange was 3,466 tons, an increase of 251 tons from 3,215 tons on October 10 [1] Future Market Outlook - New Century Futures indicates that both bonded and general trade warehouses are continuing to deplete inventory, with a reduction in total port inflow [2] - Hualian Futures notes that rubber prices are adjusting in line with overall market trends, with recent rainfall and typhoons affecting rubber tapping in major production areas [2] - The demand side remains pressured by the domestic real estate market, with no improvement expected, although heavy truck sales have seen a significant increase of over 80% year-on-year in September [2]
后期仍有累库预期 天然橡胶或呈宽幅震荡运行态势
Jin Tou Wang·2025-10-31 06:02