Shenwan Hongyuan Futures: Supply-side flexibility weakens, raw rubber prices remain relatively firm

2026-03-06 19:37:57

On Tuesday, the Shanghai rubber futures rose, supported by the strengthening crude oil prices which benefited chemical products. Fundamentally, natural rubber is in its seasonal low production period, with domestic plantations halting tapping and Thai plantations gradually stopping as well. The low production season generally lasts until May. Domestic Qingdao natural rubber inventories continue to accumulate, reducing short-term supply elasticity, and raw rubber prices remain relatively firm. Post-holiday, demand is expected to recover, supporting production resumption. The production of all-steel tires is expected to remain stable, and rubber prices are forecasted to stay relatively strong. (Shenwan Hongyuan Futures)

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