Indicators Data
Spot price As of August 27th, it was approximately 17,791 yuan/ton, an increase of 7.94% compared to 16,483 yuan/ton at the beginning of the month.
Price on August 19th Natural rubber was 17,241.67 yuan/ton, up 15.26% year-on-year.
Futures price As of August 31st, the rubber futures price was 18,770 yuan/ton.
Driving factors for the increase:
In the domestic regions of Hainan and Yunnan, excessive rainfall occurred, causing processing plants to rush to harvest raw materials, resulting in a shortage of spot supply.
In the Southeast Asian region, continuous rainfall disrupted rubber harvesting operations.
The probability of El Niño reaching a super strength level has risen to 69%, and the weather premium has continued to rise.
The inventory of rubber in the bonded and general trade sectors in Qingdao was 63.15 million tons, down 1.65% compared to the previous month, and continued to undergo a slight liquidation.