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China Qingdao Natural Rubber Market Sees Weak Consolidation on July 30
Regarding the spot market, conditions remained sluggish on July 30. With downstream demand in the off-season, inquiry activity was moderate, leading to minor adjustments in trader quotes. Mainstream prices to domestic 2024 Yunbao/Guangkeng/Haibao rubber stood at 16,350–16,500 RMB/tonne, and 2025 stock at 16,450–16,600 RMB/tonne; Vietnamese 3L rubber was quoted at 17,650–17,750 RMB/tonne. In the futures market, the benchmark natural rubber contract (2609) on the Shanghai Futures Exchange closed at 16,370 RMB/tonne on July 29—a drop of 305 RMB/tonne from the previous trading day. The weak, fluctuating direction in futures failed to provide sufficient support to spot prices, creating an overall bearish sentiment.
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