SunSirs: China Domestic Natural Rubber Market Is Weak

According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has been weak recently (11.20-11.26). As of November 26, the spot rubber market in China's natural rubber market was around 14,825 RMB/ton, a decrease of 0.56% from 14,908 RMB/ton on the 20th. The cost support of Tianjiao raw materials continues, but the inventory of Tianjiao at the port continues to increase slightly, which has a certain bearish impact on the Tianjiao market. In addition, downstream tire production has slightly decreased, the market atmosphere is weak, and prices are consolidating weakly. As of November 26th, the mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14,750-15,000 RMB/ton.

As of November 26th, the price of Thai glue was 57.00 Thai baht/kg, unchanged from the price on November 20th. The current price of natural rubber raw materials is still running at a high level, and domestic rubber cutting will gradually stop in the later stage. The floods in southern Thailand have affected the rubber cutting process, and in the short term, the price of natural rubber raw materials will continue to run at a high level.

Recently (11.20-11.26), natural rubber inventories have continued to increase slightly, with a bearish impact on natural rubber. As of November 23, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 468,900 tons, an increase of 16,300 tons or 3.60% compared to the previous period.

Recently (11.20-11.26), downstream tire production has slightly decreased, providing essential support for the natural rubber market. As of November 15th, the construction of semi steel tires by domestic tire companies has reached around 70%; The construction of all steel tires by tire companies in Shandong region has reached about 62%.

Currently, natural rubber raw material prices are running at a high level, with weak support from downstream demand. The inventory of Tianjiao Port continues to increase slightly, and it is expected that the natural rubber market will mainly fluctuate weakly before the holiday.

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