According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market fluctuated and slightly rose in October. As of October 31, the spot rubber market in China's natural rubber market was around 14,750 RMB/ton, up 0.57% from 14,666 RMB/ton at the beginning of the month and down 1.39% from the high point of 14,958 RMB/ton during the cycle. As of October 31st, the mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14,650-14,950 RMB/ton.

On the one hand, the continuous decline in Tianjiao inventory and the continued support of Tianjiao raw materials have provided bullish support for the Tianjiao market. On the other hand, domestic real estate still drags down rubber demand, and there is a situation of overdrawn demand due to export competition and car market policy stimulation. Downstream tire and product production has remained stable with slight fluctuations, and factory replenishment willingness is average, which is resistant to high priced sources and dragging down the natural rubber market.

In October, the price of natural rubber raw materials rose slightly from a high level, and the cost supported the natural rubber market. As of October 31st, the price of Thai glue was 56.00 baht/kg, an increase of 2.19% from 54.80 baht/kg at the end of September. In early October, typhoons continued to affect Hainan and Yunnan regions in China, as well as major Southeast Asian production areas such as Thailand and Vietnam. Some rubber cutting operations were hindered, supporting the continued rise in the price of natural rubber raw materials; As the overseas weather improves in the later stage, the expected supply of natural rubber raw materials will gradually be released, and the prices of raw materials will stabilize at a high level.

The natural rubber inventory continued to decline in October, providing strong support for the natural rubber market. As of October 26, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 432,200 tons, a decrease of 5.32% from 456,500 tons at the end of September.

In October, there was a slight increase in the production of semi steel tires downstream, which provided strong support for the natural rubber market's demand. As of October 24th, the construction of semi steel tires by domestic tire companies has started at around 74%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 66%.

The expected high price of natural rubber raw materials is expected to fall, downstream stocking prices are high, and there is resistance from the supply of goods. The overall inventory of Tianjiao Port continues to decline, and it is comprehensively expected that the natural rubber market will fluctuate widely in the later period.

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