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天然橡胶：原料及宏观驱动减弱 胶价走跌
Jin Tou Wang·2025-09-19 03:52

Raw Materials and Spot Prices - As of September 18, cup rubber is priced at 51.05 THB/kg (down 0.60), while latex is at 56.30 THB/kg (up 0.10) [1] - The purchase price for Yunnan rubber water is 14,600 CNY/ton (down 200), and for Hainan private rubber water, it is 16,000 CNY/ton (down 100) [1] - Qingdao bonded zone Thai standard is priced at 1,830 USD/ton (down 30), and Thai mixed rubber is at 14,750 CNY/ton (down 250) [1] Tire Production and Inventory - As of September 18, the capacity utilization rate for China's semi-steel tire sample enterprises is 72.74%, up 0.13 percentage points month-on-month, but down 6.92 percentage points year-on-year [1] - The capacity utilization rate for China's all-steel tire sample enterprises is 66.36%, up 0.05 percentage points month-on-month, and up 6.18 percentage points year-on-year [1] - The average inventory turnover days for semi-steel tire sample enterprises is 46.02 days, up 0.08 days month-on-month, and up 9.33 days year-on-year [1] - The average inventory turnover days for all-steel tire sample enterprises is 39.13 days, up 0.30 days month-on-month, and down 5.47 days year-on-year [1] Export Data - In the first eight months of 2025, China's rubber tire export volume reached 6.5 million tons, a year-on-year increase of 5.1%, with an export value of 114.2 billion CNY, up 4.6% [2] - The export volume of new inflatable rubber tires was 6.26 million tons, up 4.8% year-on-year, with an export value of 109.7 billion CNY, up 4.4% [2] - The export volume of automotive tires was 5.55 million tons, a year-on-year increase of 4.6%, with an export value of 94.4 billion CNY, up 4.1% [2] Market Outlook - Supply disruptions due to rainy seasons and typhoons are expected to limit further increases in raw material prices, with cost support weakening [2] - Despite some enterprises facing shortages, overall shipment performance is below expectations, leading to potential flexible production control by some companies [2] - The market sentiment is expected to weaken as the holiday approaches, with short-term rubber prices likely to fluctuate weakly within the range of 15,000 to 16,500 CNY [2]