Natural rubber futures continued to rise after hitting a 9-year high on September 30. On October 9, RU2701, the main contract for natural rubber, closed up 2.89% at 20,645 yuan/ton. On the spot side, according to Baichuan Yingfu market monitoring, on October 9, the average price of natural rubber in the domestic market was 19,700 yuan/ton, up 56 yuan/ton from the previous trading day. The increase during the year reached 28.27%, up 31.45% year on year. Guangfa Futures believes that the global supply of natural rubber has reached the top, compounding expectations of production cuts caused by the El Niño incident, which has significantly increased the sensitivity of rubber prices to climate disturbances. Under cost pressure, tire companies downstream of the rubber industry chain have begun the fourth round of concentrated price increases during the year. Since September, more than 60 tire companies have issued more than 70 price increase letters.

Natural rubber futures continued to rise after hitting a 9-year high on September 30. On October 9, RU2701, the main contract for natural rubber, closed up 2.89% at 20,645 yuan/ton. On the spot side, according to Baichuan Yingfu market monitoring, on October 9, the average price of natural rubber in the domestic market was 19,700 yuan/ton, up 56 yuan/ton from the previous trading day. The increase during the year reached 28.27%, up 31.45% year on year. Guangfa Futures believes that the global supply of natural rubber has reached the top, compounding expectations of production cuts caused by the El Niño incident, which has significantly increased the sensitivity of rubber prices to climate disturbances. Under cost pressure, tire companies downstream of the rubber industry chain have begun the fourth round of concentrated price increases during the year. Since September, more than 60 tire companies have issued more than 70 price increase letters.