On February 4th, the natural rubber raw material market in Thailand experienced a stable to upward trend: RSS (Ribbed Smoked Sheet) was quoted at 62.20 THB/kg, remaining stable; latex was quoted at 58.80 THB/kg, also stable; while cup lump rubber was quoted at 54.20 THB/kg, rising by 0.20 THB/kg. PriceSeek analyzed natural rubber with a long-short score of 1.5. The prices of natural rubber raw materials in Thailand showed a stable to upward trend, with cup lump rubber increasing by 0.20 THB/kg, indicating rising costs on the supply side, which supports spot prices. It is expected that the spot market may experience a moderate increase. Combined with futures data (e.g., the closing price of the 2605 contract at 16,385 CNY/ton, up by 195), the market has already shown an upward trend. The increase in raw material costs further strengthens bullish expectations, which is favorable for futures prices. The overall assessment is moderately positive (+1.5), as the raw material price increase is limited and not all components rose, but the overall trend is positive.