According to the Commodity Market Analysis System of Shengyi Society, the domestic natural rubber spot market slightly rose in August. As of August 29th, the spot rubber market in China’s natural rubber market was around 14966 yuan/ton, an increase of 3.52% from 14458 yuan/ton at the beginning of the month. As of August 29th, the mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14850~15200 yuan/ton.
The prices of Tianjian raw materials remained high in August. As of August 29th, the price of Thai glue was 55.45 baht/kg, a decrease of 1.00% compared to 55.00 baht/kg at the end of July. On the one hand, heavy rainfall and gusts in Thailand during the first half of August posed resistance to natural rubber (TSR) cutting activities, and on the other hand, the domestic cutting period coupled with unstable production from Vietnam’s old natural rubber plantations. The overall market supply of natural rubber raw materials is tight, and prices are firm, providing support for natural rubber.
The natural rubber inventory has fallen slightly in August, which has a bearish impact on the natural rubber market. As of August 24, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 606200 tons, a decrease of 5.34% from 640400 tons at the end of July.
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Downstream tire production slightly increased in August, providing essential support for the natural rubber market. As of August 22, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.40%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 6.5%.
Market forecast: The current high prices of raw materials both domestically and internationally, as well as the increase in downstream tire production, provide support for the Tianjin rubber market. The Tianjin rubber port inventory has slightly decreased, and with the arrival of the peak season, it is expected that the natural rubber market will fluctuate and rise in the later period.
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