Group 1: Raw Materials and Spot Prices - As of January 12, cup rubber is priced at 52.23 THB/kg (down 0.53), latex at 57.00 THB/kg (up 1.00), Hainan private rubber at 15,500 CNY/ton (up 500), Qingdao bonded zone Thai standard at 1,920 USD/ton (up 10), and Thai mixed rubber at 15,100 CNY/ton (up 50) [1] Group 2: Tire Production Rates and Inventory - As of January 8, the capacity utilization rate for Chinese semi-steel tire sample enterprises is 63.78%, down 2.75 percentage points month-on-month and down 13.97 percentage points year-on-year. The full-steel tire capacity utilization rate is 55.50%, down 2.43 percentage points month-on-month and down 3.37 percentage points year-on-year [1] - The average inventory turnover days for semi-steel tire sample enterprises is 47.36 days, up 0.31 days month-on-month and up 6.04 days year-on-year. For full-steel tire sample enterprises, the average inventory turnover days is 44.62 days, up 0.34 days month-on-month and down 1.52 days year-on-year [1] Group 3: Export Data and Market Trends - In the first eleven months of 2025, Indonesia's natural rubber exports (excluding compound rubber) totaled 1.458 million tons, a year-on-year decrease of 1%. Exports to China amounted to 284,000 tons, a year-on-year increase of 88% [2] - Overall, Indonesia's total natural rubber and mixed rubber exports reached 1.551 million tons, a year-on-year increase of 4%, with exports to China increasing by 119% [2] Group 4: Supply and Demand Dynamics - Supply from Southeast Asia is expected to increase due to the high production period, but cooler temperatures in northeastern Thailand and international market restocking demand may keep overseas raw material prices high. Demand remains cautious post-holiday, with tire production expected to improve as companies resume operations [3] - The market is primarily focused on inventory digestion and replenishment, with short-term sales unlikely to see significant improvement. Overall social inventory remains sufficient, and replenishment remains cautious [3] Group 5: Price Expectations - It is anticipated that rubber prices will maintain a range-bound fluctuation between 15,500 and 16,500 CNY, supported by lower raw material prices but pressured by weak demand. Future attention will be on the production situation in Thailand [3]

Group 1 - As of August 4, cup rubber prices are at 47.40 THB/kg and latex at 54.00 THB/kg, with Yunnan rubber purchasing price at 14,400 CNY/ton and Hainan fresh latex at 13,600 CNY/ton [1] - The capacity utilization rate for semi-steel tire sample enterprises is 69.98%, down 0.08 percentage points month-on-month and down 10.19 percentage points year-on-year, while full-steel tire utilization is at 59.26%, down 2.97 percentage points month-on-month and down 0.20 percentage points year-on-year [1] - Finished product inventory for semi-steel tires has decreased, with average inventory turnover days at 45.64 days, down 0.91 days month-on-month and up 9.48 days year-on-year [1] Group 2 - ANRPC forecasts a 1.5% decrease in global natural rubber production to 1.191 million tons in June 2025, while consumption is expected to increase by 0.7% to 1.271 million tons [2] - For the first half of the year, global natural rubber production is projected to decline by 1.1% to 6.076 million tons, while consumption is expected to rise by 1% to 7.715 million tons [2] - By 2025, global natural rubber production is expected to increase by 0.5% year-on-year to 14.892 million tons, with notable increases in Thailand (1.2%) and China (6%), while Indonesia is expected to see a decrease of 9.8% [2] Group 3 - Supply side shows overseas raw material prices have stopped falling, with attention on the raw material supply during peak production periods [3] - Domestic market demand is weak, with some snow tire production being released early, leading to high social inventory and limited further increases in production [3] - Tire companies are expected to maintain low operating levels due to production and sales pressures, with potential maintenance arrangements at the end of the month [3]