On February 5, the natural rubber market in Shanghai exhibited weak consolidation with declining prices. SHFE rubber futures experienced a downward fluctuation, while raw material prices saw minor adjustments. Spot traders lowered their offers by 100–200 yuan/ton. The mainstream quotations for 2024 Yunbao/Guangken were 15,900–16,200 yuan/ton; 2024 Haibao was quoted at 16,000–16,250 yuan/ton; and Vietnamese 3L was quoted at 16,450–16,600 yuan/ton.

PriceSeek’s analysis of natural rubber assigned a bearish score of -1. The article noted that spot prices in Shanghai fell by 100–200 yuan/ton on February 5, reflecting weak market conditions. Brands such as Yunbao/Guangken were quoted at 15,900–16,200 yuan/ton, Haibao at 16,000–16,250 yuan/ton, and Vietnamese 3L at 16,450–16,600 yuan/ton, indicating soft demand and supply pressure, which generally exerted a bearish influence on spot prices.

SHFE rubber futures trended downward amid volatility. Combined with the latest futures data (e.g., the closing price of the 2605 contract at 16,385 yuan/ton, with a change of 195 yuan/ton but a weakening short-term trend), the decline in spot prices could dampen sentiment in the futures market, suggesting potential downward pressure on futures prices.

Overall, the score of -1 (moderately bearish) reflects a moderate price decline and a weak market, though not a significant plunge.