(1) International supply and demand of natural rubber

Supply and demand are the most fundamental factors affecting the futures price of natural rubber. At present, the main natural rubber producers in the world are Thailand, Indonesia, Malaysia, China, Viet Nam and India. Due to the large amount of rubber used in China and India, the absolute output of Viet Nam cannot be compared with the above three.

(2) Domestic supply and demand of natural rubber

China's domestic natural rubber has been in short supply, and the supply of domestic natural rubber has a certain impact on the price of natural rubber in China.

(3) International and domestic economic environment

As an important industrial raw material, the price fluctuation of natural rubber is closely related to the international and domestic economic environment. When the economic environment is improving, the market needs to develop and the demand is sufficient, the demand for natural rubber will increase at this time, thus pushing its price up.

(IV) Development of main rubber industry

The biggest consumption of natural rubber is the automobile industry, and the development of the automobile industry has promoted the progress of the tire manufacturing industry. Therefore, the development of automobile industry and related tire industry will affect the price of natural rubber. Especially the automobile industry, its development is directly related to the output of tires, thus affecting the global demand and price of natural rubber.

(5) Production and application of synthetic rubber

With the continuous progress of technology, the selection of raw materials for rubber products has also changed, and many products have replaced natural rubber with synthetic rubber. With the continuous development of synthetic rubber industry, its price is more and more competitive. When the supply of natural rubber is tight or the price rises, many manufacturers will choose to use synthetic rubber, and their complementarity will become stronger and stronger.

(6) Natural factors

The growth of natural rubber trees needs certain geographical and climatic conditions. Rubber trees that are generally suitable for tapping are 5-7 years old. Therefore, the number of natural rubber trees that can be used for rubber tapping cannot be changed in a short time.

(VII) Factors of exchange rate changes

In recent years, due to global economic instability and frequent exchange rate changes, the price of natural rubber, especially the import and export business, has had a certain impact. Therefore, when paying attention to the natural rubber market in the international market, we must pay attention to the exchange rate changes of various countries, especially the exchange rate changes of the three major rubber producing countries and the Japanese yen against the US dollar.

(viii) Political factors

Political factors include not only the policy influence of governments on the import and export of natural rubber, but also international emergencies and major events that have occurred and will occur, such as catastrophic events and possible war factors. Political factors often lead to sharp fluctuations in the price of natural rubber in a short period of time when relevant news comes out, and affect its price trend for a long time.

(9) the impact of international market transactions

Natural rubber has become a mature variety in the international futures market and occupies a certain market share in the futures exchanges of Southeast Asian countries. Therefore, the trading prices of the main places for natural rubber futures trading, such as TOCOM and OME in Japan, SHFE in China, SICOM in Singapore and KLCE in Malaysia, also have different degrees of interaction.