According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market fluctuated and rose in June. As of June 30th, the spot rubber market in China's natural rubber market was around 13,858 RMB/ton, an increase of 4.13% from 13,308 RMB/ton at the beginning of the month.
The rise in natural rubber prices in June was mainly boosted by financial sentiment, with Shanghai rubber rising, driving up spot prices. The fundamentals of the natural rubber spot market in June are not optimistic. Downstream tires start to rise first and then fall, providing support for natural rubber; The natural rubber raw material market has fallen sharply, and the cost center of natural rubber has shifted downwards; The domestic natural rubber inventory continues to increase slightly, which has a negative impact on the natural rubber market. As of June 30th, the mainstream price for 23 years of Guangken, Baodao, and Haibao latex in Qingdao area ranges from 13,800 to 14,100 RMB/ton.
The price of natural rubber raw materials fell sharply in June. As of June 30th, the price of Thai glue was 56.00 Thai baht/kg, a decrease of 8.57% compared to 61.25 Thai baht/kg at the end of May. At present, the Yunnan production area in China has entered the cutting stage. Although Thailand and Hainan have recently experienced increased precipitation and high prices, the expected increase in global supply in the later stage is not reduced, and the price of natural rubber raw materials is expected to continue to decline in the later stage.
The natural rubber inventory continued to increase slightly in June, which had a bearish impact on the natural rubber market. As of June 22, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 617,300 tons, a slight increase from 614,600 tons at the end of May.
In early June, the construction of downstream tires during the Loong Boat Festival holiday was at a low level. After the festival, the construction of tires increased significantly. In the middle and late months, the construction of tires again declined slightly. On the whole, the downstream tire industry in June maintained a just needed support for natural rubber. As of June 27th, the production of semi steel tires by domestic tire companies has slightly decreased to around 71%; Around 62% of all steel tire production in Shandong tire enterprises has started.
When domestic and foreign raw material prices stabilize at high levels and then decline, downstream tires will support the demand for natural rubber, and the inventory at Tianjiao Port will remain high; Overall, it is expected that the natural rubber market will consolidate weakly in the later period.
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