According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has slightly increased recently (8.5-8.15). As of August 15th, the spot rubber market in China's natural rubber market is around 14,352 RMB/ton, an increase of 2.01% from 14,069 RMB/ton on August 5th. On the one hand, raw material prices have risen narrowly, while downstream production has slightly decreased. Natural rubber has fluctuated slightly due to cost support and weak demand.

On the one hand, the recent bad weather in Thailand and Yunnan production areas, coupled with rumors that overseas tire manufacturers are rushing to buy cigarette adhesive in large quantities, have led to a slight increase in domestic and foreign natural rubber raw materials, and the cost is weakly supported by the domestic natural rubber market. As of August 15th, the price of Thai glue was 64.00 baht/kg, slightly higher than the price of 63.50 baht/kg on August 5th; As of August 15th, the purchase price of state-owned and gold rubber water-based concentrated latex raw materials in Hainan production areas was around 13,900 RMB/ton, significantly higher than the price of 13,400 RMB/ton on August 5th.

On the other hand, the speed of natural rubber inventory turnover has slowed down. As of August 11, 2024, the total inventory of Tianjiao bonded and general trade in Qingdao area was 472,300 tons, a decrease of 0.67% compared to the previous period.

The enthusiasm for the construction of all steel tires is constrained by the bottom of the heavy truck market and fluctuates around the seasonal average. Recently, downstream all steel tire construction has slightly decreased again, and demand is weakly supported by the natural rubber market demand. Downstream inquiries are cautious. As of August 9th, the operating load of semi steel tires in domestic tire enterprises is around 7.9%; The operating load of all steel tires in tire enterprises in Shandong region is about 5.20%.

Current domestic and international raw material supply prices are rising; Downstream all tire enterprises have experienced a slight decline in production, and are cautious about purchasing high priced goods; Overall, due to cost support and weak demand, it is expected that the natural rubber market will mainly experience range fluctuations in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.