According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has fluctuated slightly higher in recent times (6.1-6.11). As of June 11th, the spot rubber market price in China's natural rubber market was around 13,758 RMB/ton, an increase of 3.38% from 13,308 RMB/ton on the 1st. On the one hand, there has been some good news supporting the recent trade negotiations between China and the United States, and the macroeconomic outlook has slightly improved, which has boosted the Shanghai rubber market. On the other hand, although downstream tire production has slightly decreased, it still maintains a relatively high level, providing some essential support for rubber. Promote a slight increase in natural rubber prices recently. As of June 11th, the mainstream price for 23 years of Guangken, Baodao, and Haibao latex in Qingdao area ranges from 13,700 to 14,000 RMB/ton. However, judging from the prices of natural rubber raw materials and port inventory, there is still some pressure on the natural rubber market.
As of June 11th, the price of Thai glue was 56.50 baht/kg, a decrease of 7.75% from 61.25 baht/kg at the end of May. The rubber cutting operation in Thailand, an overseas rubber production area, has begun, and the prices of cup and glue have loosened slightly. In addition, the Yunnan production area in China has entered the cutting process. Although the recent increase in precipitation in Thailand and Hainan has led to a slight rebound in raw material prices in recent days, the expectation of global supply increase in the later stage remains unchanged, and the price of natural rubber raw materials is expected to continue to decline.
Recently (6.1-6.11), natural rubber inventories have slightly decreased but still remain high, which has a bearish impact on the natural rubber market. As of June 8, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 605,500 tons, a decrease of 4,100 tons or 0.67% compared to the previous period.
The recent (6.1-6.11) slight decline in downstream tire production has provided essential support for the natural rubber market. As of June 8th, the operating load of semi steel tires in domestic tire enterprises is around 73%; The operating load of all steel tires in tire enterprises in Shandong region is about 63%. As of the week of June 8th, domestic tire companies had 42 days of finished steel tire inventory, which remained unchanged on a week on week basis; The inventory of semi-finished steel tires remained unchanged on a week on week basis for 46 days.
As domestic and international raw material prices stabilize at high levels and expectations continue to decline in the later stage, downstream production will slightly decrease, weakening support for natural rubber. In addition, the inventory of Tianjiao Port is still at a high level; Overall, it is expected that the natural rubber market will consolidate weakly in the later stage.
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