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2026-07-16 17:50:12
[Shanghai and Japanese rubber futures both fell by more than 1%, with supply pressure emerging from Thailand's peak production season and increased market caution due to oil price volatility] ⑴ Japanese rubber futures ended a three-day winning streak on Thursday, with the December delivery contract on the Osaka Exchange closing down about 1.1% at 427.1 yen per kilogram. The September natural rubber contract on the Shanghai Futures Exchange also fell by about 1.1%. ⑵ Thailand, a major producing country, has entered its peak production season. Production in the southern producing areas has begun to gradually recover due to reduced rainfall from late June to early July. Natural rubber typically experiences a low production period from February to May followed by a peak harvest that lasts until September. ⑶ The CEO of a rubber data analysis agency stated that the market remains wary of oil price fluctuations related to the situation in the Strait of Hormuz, but strong raw material costs have provided a floor for rubber prices, limiting further declines. ⑷ Crude oil futures fell on Thursday due to profit-taking, while a new round of US strikes on Iranian military facilities raised concerns about escalating conflict and supply disruptions. Natural rubber is often guided by oil prices because it competes with crude oil-based synthetic rubber for market share.
