According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has slightly increased recently (12.24-12.31). As of December 31, the spot rubber market in China's natural rubber market was around 16,890 RMB/ton, an increase of 1.72% from 16,604 RMB/ton on December 24. Recently, raw material prices have fluctuated slightly at high levels; Domestic Tianjiao Port inventory has slightly increased; Downstream tire factories tend to stock up on demand to support the demand for natural rubber, while the Shanghai rubber market has risen this week, driving the natural rubber spot market slightly higher.

December is currently the peak production season in major overseas production areas, and there is an expectation of seasonal increase in raw material output. However, the recent rainstorm has once again hit the important rubber planting areas in southern Thailand, and the price of natural rubber raw materials is high, driving the domestic price of natural rubber raw materials to remain firm; As of December 31st, the purchase price of state-owned and gold rubber water-based concentrated latex raw materials in Hainan production areas is around 17,200 RMB/ton, running at a high level.

Natural rubber inventory continues to show a state of accumulation. As of December 29, 2024, the total inventory of Tianjiao bonded and general trade in Qingdao area was 477,600 tons, an increase of 7,600 tons compared to the previous period.

Downstream tires mainly provide essential support for the natural rubber market. As of December 27th, the operating load of semi steel tires in domestic tire enterprises is around 79%; The construction of all steel tires by tire enterprises in Shandong region has slightly increased to around 62% of the load.

The supply of raw materials at home and abroad is gradually rising in the current season, but the short-term rainstorm impacts the main production areas of Thailand, supporting the price of raw materials; The tire market provides strong support for natural rubber demand; The inventory of Tianjiao Port continues to increase; Overall, it is expected that the natural rubber market will mainly consolidate within a certain range in the short term.

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