SunSirs: China Natural Rubber Market rose by about 4.29% in early October
At present, the global economy continues to recover, the problem of increasing fuel demand gap in the near future is particularly prominent, and the crude oil market is strong. Stimulated by multiple external positive factors, the market of petrochemical raw materials rose sharply, the trend of natural rubber continued to rise, and the price was strong. In addition, the Ministry of agricultural cooperation of Thailand put forward a new strategy to boost Thailand’s rubber industry. On October 10, it released the guidelines and strategies for Thailand’s rubber industry to enter the global market, and changed the rubber industry. It is expected that Thailand’s rubber production and export will further grow.
According to the data monitoring of SunSirs, Shanghai rubber has been rising continuously since October 2021. The spot price of natural rubber has risen continuously from about 13,185 yuan / ton to 13,750 yuan / ton from January to November, an increase of about 4.29%. On October 11, the mainstream price of domestic market is about 13,700-13,900 yuan / ton.