China Qingdao Natural Rubber Market Trends Upward on June 2

Regarding the spot market, natural rubber prices in the Qingdao region trended upward on June 2. With Shanghai rubber futures maintaining high levels and market inquiries driven by demand, suppliers raised their offers. Mainstream quotes to 2024-vintage Yunbao, Guangken, and Haibao stood at 17,900–18,200 RMB/ton; the same brands to the 2025 vintage were quoted mainly at 18,200–18,500 RMB/ton; and Vietnam 3L rubber was quoted primarily at 18,250–18,550 RMB/ton, indicating strong support to spot prices. In the futures market, the benchmark natural rubber contract (SR2609) on the Shanghai Futures Exchange closed at 18,065 RMB/ton on June 1—an increase of 115 RMB/ton from the previous trading day. Open interest rose by 3,252 lots, reflecting a strengthening correlation between the futures and spot markets, which provided a generally positive boost to natural rubber prices.