SunSirs: China Domestic Natural Rubber Market Is Weak and Slightly Declining

According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has been weak and slightly declining recently (10.1-10.14). As of October 14th, the spot rubber market price in China's natural rubber market was around 14,391 RMB/ton, a decrease of 1.87% from 14,666 RMB/ton at the beginning of the month. On the one hand, the high prices of natural rubber raw materials have fallen, which has weakened the support for the natural rubber market; On the other hand, during the downstream tire festival period, the overall operating capacity was low, which had a negative impact on natural rubber. Despite the continued slight destocking of natural rubber inventory at the port, the natural rubber market has experienced a slight decline due to cost and demand factors. As of October 14th, the mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14,200-14,550 RMB/ton.

As of October 14th, the price of Thai glue was 54.10 baht/kg, a decrease of 1.28% from 54.80 baht/kg on September 30th. Although typhoons continue to affect major Southeast Asian production areas such as Hainan and Yunnan, as well as Thailand and Vietnam in recent times, some rubber cutting operations have been hindered. However, the market expects a concentrated release of supply after the weather improves in the fourth quarter, and overall raw material prices continue to decline from high levels.

Recently (10.1-10.14), natural rubber inventory has continued to decrease slightly, which has a greater impact on natural rubber. As of October 12, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 456,000 tons, a decrease of 0.05 million tons or 0.11% compared to the previous period.

Recently (10.1-10.14), due to the National Day holiday, the average production of downstream tires has significantly decreased, which has a bearish impact on the natural rubber market. As of October 9th, the construction of semi steel tires by domestic tire companies has slightly increased to around 42%; The production of all steel tires by tire companies in Shandong Province has slightly decreased to around 42%.

The current high prices of natural rubber raw materials have fallen back, and downstream production is low. However, the overall inventory of Tianjiao Port continues to decline slightly, and it is expected that the natural rubber market will experience weak fluctuations before the holiday.

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