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Market Quotes

Rubber futures continued to fall at the beginning of this week, and from the market, the probability is that there will be more shocks down.

Post-market observation

The data of China's natural latex import volume in September came out, and the natural latex import volume in September 2022 ended up being 65,000 tons, up 21.84% YoY.

Total imports of natural latex from January to September 2022 were 441,700 tons, of which 123,800 tons were imported in the first quarter, about 30,000 tons less compared to last year; 131,200 tons were imported in the second quarter, about 10,000 tons more compared to last year; 186,700 tons were imported in the third quarter, 73,700 tons more compared to last year, a 65% jump!

The third quarter of this year is about 65% more than last year's imports, and the three quarters of the domestic Hainan has begun to cut rubber. The import volume is enlarged at the same time, domestic into the peak season of cutting rubber, imports and domestic self-production superimposed together.