According to the Commodity Market Analysis System of SunSirs, the domestic natural rubber spot market has slightly increased in recent days (2.4-2.17). As of February 17, the spot rubber market price in China's natural rubber market is around 17,240 RMB/ton, an increase of 2.38% from the pre holiday price of 16,840 RMB/ton. High prices of raw materials after the holiday; Domestic Tianjiao Port inventory continues to increase slightly; After the Spring Festival, downstream production slowly increased, coupled with the volatile and strong market after the Shanghai Rubber Festival, driving the natural rubber spot market to slightly rise.

After the Spring Festival, production areas such as Vietnam and northeastern Thailand entered a period of suspension, and production areas in China are also in a period of suspension, with high raw material prices being consolidated. As of February 17th, the price of Thai glue is 66.50 Thai baht per kilogram.

Natural rubber inventory continues to show a state of accumulation. As of February 9, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 569,000 tons, an increase of 16,000 tons compared to the previous period.

Supply and demand side: After the Spring Festival, downstream tire production has been slow to increase, and the atmosphere of terminal buying is flat. Natural rubber is mostly purchased on a small order basis according to demand.

When domestic and foreign raw material prices stabilize at high levels, it will provide some support for natural rubber; But the slow increase in downstream construction and the continued increase in inventory at Tianjiao Port; Overall, it is expected that the natural rubber market will mainly experience high and narrow fluctuations in the short term.

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