Raw Materials and Spot Prices - As of September 10, cup rubber is priced at 52.55 THB/kg, down by 0.40 THB, while latex is at 56.00 THB/kg, unchanged [1] - In Yunnan, the purchase price for rubber water is 14,500 CNY/ton, while in Hainan, the private sector price is 15,900 CNY/ton, down by 400 CNY [1] - In Qingdao Free Trade Zone, the price for Thai standard rubber is 1,860 USD/ton, and Thai mixed rubber is at 15,000 CNY/ton, both unchanged [1] Tire Production Rates and Inventory - As of September 4, the capacity utilization rate for Chinese semi-steel tire sample enterprises is 66.92%, down by 4.05 percentage points month-on-month and down by 12.98 percentage points year-on-year [1] - The capacity utilization rate for Chinese all-steel tire sample enterprises is 60.74%, down by 4.15 percentage points month-on-month and down by 1.12 percentage points year-on-year [1] - In Shandong, the average inventory turnover days for semi-steel tire sample enterprises is 45.85 days, down by 0.29 days month-on-month and up by 10.04 days year-on-year; for all-steel tire sample enterprises, it is 38.88 days, down by 0.34 days month-on-month and down by 3.99 days year-on-year [1] Supply and Demand Dynamics - Côte d'Ivoire's rubber export volume reached 1.05 million tons in the first eight months of 2025, a 14.4% increase from 0.92 million tons in the same period of 2024 [2] - The export volume in August alone increased by 14.8% year-on-year but decreased by 8.9% month-on-month [2] - The overall supply situation is supported by a slight decline in overseas raw material prices, while inventory continues to decrease [2] - As enterprises resume operations, production capacity utilization is expected to improve, although some companies are still facing production constraints [2] Price Outlook - The price range for natural rubber contracts is expected to be between 15,000 and 16,500 CNY, with attention on the main production areas and potential impacts from La Niña on supply [2]
天然橡胶：基本面变动不大 胶价高位震荡
Jin Tou Wang·2025-09-11 02:04