热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 橡胶供应端来看，wind数据显示，11月份天然橡胶生产国联合会（ANRPC）的橡胶产量为1167千吨， 环比同比均下滑，从近年数据来看，11月份产量出现环比下滑的年份较少，此次数据下滑或是对11月泰 国南部地区洪水导致橡胶产出损失的印证；但2025年前11个月天然橡胶生产国联合会（ANRPC）的橡 胶产量较2024年同期增长1.1%，我们认为2025年橡胶产量维持小幅增长态势。 库存方面：钢联数据显示，12月19日当周青岛干胶库存为51.52万吨，高于前一周的49.88万吨；社会库 存为118.2万吨，亦高于前一周的115.3万吨。维持累库态势，后期需关注库存压力。 需求端来看，wind数据显示，11月份天然橡胶生产国联合会（ANRPC）的橡胶消费量为911千吨，同 比、环比增长近1.2%；2025年前11个月天然橡胶生产国联合会（ANRPC）消费量较去年同期略下滑。 国家统计局数据显示，2025年11月中国橡胶轮胎外胎产量为10182.8万条，同比下降2.6%；1-11月橡胶 轮胎外胎产量较上年同期增0.6%至11.03亿条。可以看出无超预期 ...

2020-2025年1-10月中国橡胶轮胎外胎产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 上市企业：玲珑轮胎（601966）,三角轮胎（601163）,赛轮轮胎（601058）,贵州轮胎（000589）,风神股 份（600469）,青岛双星（000599）,通用股份（601500）,S佳通（600182） 相关报告：智研咨询发布的《2025-2031年中国橡胶轮胎外胎行业市场分析研究及产业趋势研判报告》 根据国家统计局数据显示：2025年10月中国橡胶轮胎外胎产量为9795万条，同比下降2.5%；2025年1-10 月中国橡胶轮胎外胎累计产量为99642.1万条，累计增长1%。 ...

上市企业：玲珑轮胎（601966）,三角轮胎（601163）,赛轮轮胎（601058）,贵州轮胎（000589）,风神股 份（600469）,青岛双星（000599）,通用股份（601500）,S佳通（600182） 相关报告：智研咨询发布的《2025-2031年中国橡胶轮胎外胎行业市场分析研究及产业趋势研判报告》 2020-2025年1-9月中国橡胶轮胎外胎产量统计图 根据国家统计局数据显示：2025年9月中国橡胶轮胎外胎产量为10349万条，同比增长0.2%；2025年1-9 月中国橡胶轮胎外胎累计产量为89938.6万条，累计增长1.5%。 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 数据来源：国家统计局，智研咨询整理 ...

Core Insights - The prices of natural rubber in Thailand, Malaysia, and Indonesia are reported at $1850, $1850, and $1740 per ton respectively, while the price for Yunnan's SCR5 is quoted at 14,850 CNY per ton [1] - The futures market for natural rubber shows a closing price of 15,440 CNY per ton on November 19, with a daily increase of 0.78% and a trading volume of 236,458 contracts [2] - As of November 16, 2025, the total inventory of natural rubber in Qingdao is 452,600 tons, reflecting a slight increase of 0.70% from the previous period [3] - The production of rubber tire outer casings in China has seen a year-on-year decline of 2.5% in October 2025, with a total production of 97.95 million units [3] - Future supply of natural rubber in China is expected to weaken due to the cessation of tapping in Yunnan and a gradual reduction in Hainan, while demand remains lukewarm [4] Price Overview - The current prices for natural rubber are as follows: STR20 and SMR20 at $1850 per ton, SIR20 at $1740 per ton, and SCR5 at 14,850 CNY per ton [1][2] - The futures market indicates a price fluctuation with a high of 15,510 CNY per ton and a low of 15,280 CNY per ton on November 19 [2] Inventory and Production Data - Qingdao's natural rubber inventory consists of 66,600 tons in bonded warehouses and 386,000 tons in general trade, with the latter showing a 1.13% increase [3] - The entry and exit rates for bonded warehouses have decreased, indicating a potential slowdown in inventory turnover [3] Market Outlook - The market outlook suggests a potential for stronger price fluctuations due to reduced supply from key production areas and ongoing policy support [4]

上市企业：玲珑轮胎（601966）,三角轮胎（601163）,赛轮轮胎（601058）,贵州轮胎（000589）,风神股 份（600469）,青岛双星（000599）,通用股份（601500）,S佳通（600182） 相关报告：智研咨询发布的《2025-2031年中国橡胶轮胎外胎行业市场分析研究及产业趋势研判报告》 根据国家统计局数据显示：2025年8月中国橡胶轮胎外胎产量为10295万条，同比增长1.5%；2025年1-8 月中国橡胶轮胎外胎累计产量为79546.7万条，累计增长1.6%。 2020-2025年1-8月中国橡胶轮胎外胎产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

Core Insights - The article discusses the growth and production statistics of the rubber tire industry in China, highlighting a projected increase in output and the performance of key companies in the sector [1]. Industry Overview - In April 2025, China's production of rubber tire outer tires is expected to reach 102 million units, reflecting a year-on-year growth of 3.1% [1]. - From January to April 2025, the cumulative production of rubber tire outer tires in China is reported to be 385.58 million units, with a cumulative growth rate of 3.7% [1]. Key Companies - The article mentions several listed companies in the rubber tire industry, including Linglong Tire (601966), Triangle Tire (601163), Sailun Tire (601058), Guizhou Tire (000589), Fengshen Co. (600469), Qingdao Doublestar (000599), General Co. (601500), and S.Jiatong (600182) [1]. Research Report - The insights are based on a report by Zhiyan Consulting titled "2025-2031 China Rubber Tire Outer Tire Industry Market Analysis and Industry Trend Research Report," which provides in-depth analysis and forecasts for the industry [1].

Core Insights - The article discusses the performance and trends in the Chinese rubber tire industry, particularly focusing on the production of rubber tire outer casings from 2020 to 2025 [1] Industry Overview - According to data from the National Bureau of Statistics, the production of rubber tire outer casings in China for July 2025 is projected to be 94.36 million units, representing a year-on-year decrease of 7.3% [1] - Cumulative production from January to July 2025 is reported at 686.115 million units, showing a slight increase of 0.7% compared to the same period in the previous year [1] Company Insights - The article lists several publicly traded companies in the rubber tire sector, including Linglong Tire (601966), Triangle Tire (601163), Sailun Tire (601058), Guizhou Tire (000589), Fengshen Co. (600469), Qingdao Doublestar (000599), General Co. (601500), and S.Jiatong (600182) [1] - The report by Zhiyan Consulting provides an analysis of the market trends and forecasts for the rubber tire outer casing industry from 2025 to 2031 [1]

Group 1 - The core viewpoint of the articles highlights the performance and trends in the Chinese rubber tire industry, particularly focusing on the production statistics for the year 2025 [1][2] - According to the National Bureau of Statistics, the production of rubber tire outer tires in China for May 2025 is projected to be 10,199 million units, reflecting a year-on-year decrease of 1.2% [1] - Cumulatively, from January to May 2025, the total production of rubber tire outer tires in China reached 48,896.2 million units, indicating a cumulative growth of 2.8% [1] Group 2 - The listed companies in the rubber tire industry include Linglong Tire (601966), Triangle Tire (601163), Sailun Tire (601058), Guizhou Tire (000589), Fengshen Co., Ltd. (600469), Qingdao Doublestar (000599), General Co., Ltd. (601500), and S. Jiatong (600182) [1] - The report titled "2025-2031 China Rubber Tire Outer Tire Industry Market Analysis and Industry Trend Research Report" was published by Zhiyan Consulting, a leading industry consulting firm in China [1][2]

Group 1: Report's Investment Ratings - The investment rating for RU and NR is neutral, and the rating for BR is also neutral [7] Group 2: Core Views of the Report - For natural rubber, before the end of September, rainfall in the main producing areas may continue to support rubber costs and limit the decline of rubber prices. The de - stocking in China is expected to slow down. The tire demand is in the seasonal peak season, and the supply - demand contradiction is not significant. After the downstream purchasing demand subsides, the rubber price is expected to be weak, but the decline is limited [7] - For BR, the upstream operating rate is expected to rise as the overhauled devices restart, and the supply will increase. The demand shows peak - season characteristics, but the raw material demand decreases after the tire factories finish stocking. The supply - demand situation is becoming looser. There are concerns about cost drag, and the price is expected to be weak, but the large price difference with natural rubber still supports the price [7] Group 3: Market News and Data Futures - The closing price of the RU main contract was 15615 yuan/ton, up 80 yuan/ton from the previous day; the NR main contract was 12425 yuan/ton, up 125 yuan/ton; the BR main contract was 11505 yuan/ton, up 60 yuan/ton [1] Spot - The price of Yunnan - produced whole latex in the Shanghai market was 14750 yuan/ton, up 50 yuan/ton. The price of Thai mixed rubber in the Qingdao Free Trade Zone was 14850 yuan/ton, up 120 yuan/ton. The price of Thai 20 - grade standard rubber in the Qingdao Free Trade Zone was 1835 US dollars/ton, up 10 US dollars/ton. The price of Indonesian 20 - grade standard rubber in the Qingdao Free Trade Zone was 1750 US dollars/ton, up 15 US dollars/ton. The ex - factory price of BR9000 from PetroChina Qilu Petrochemical was 11700 yuan/ton, unchanged from the previous day. The market price of BR9000 in Zhejiang Chuanhua was 11450 yuan/ton, unchanged from the previous day [1] Group 4: Market Information Import and Production - In August 2025, China's imports of natural and synthetic rubber (including latex) totaled 66.4 tons, an increase of 7.8% compared with the same period in 2024. From January to August, the total imports were 537.3 tons, a 19% increase [2] - In August 2025, China's synthetic rubber production was 74 tons, a year - on - year increase of 7.4%. From January to August, the cumulative production was 584.8 tons, a 10.9% increase [2] - In August 2025, China's output of rubber tire casings was 102.954 million pieces, a year - on - year increase of 1.5%. From January to August, the output was 795.467 million pieces, a 1.6% increase [2] - In the first eight months of 2025, Cote d'Ivoire's rubber exports totaled 1.05 million tons, a 14.4% increase compared with the same period in 2024. In August alone, exports increased by 14.8% year - on - year and decreased by 8.9% month - on - month [2] Sales of Heavy - Duty Trucks and Automobiles - In August 2025, China's heavy - duty truck market sold about 84,000 vehicles, a 1% month - on - month decrease and a 35% year - on - year increase. From January to August, the cumulative sales were about 708,000 vehicles, a 13% year - on - year increase [3] - From January to August, China's automobile production and sales were 21.051 million and 21.128 million vehicles respectively, up 12.7% and 12.6% year - on - year. New energy vehicle production and sales were 9.625 million and 9.62 million vehicles respectively, up 37.3% and 36.7% year - on - year, accounting for 45.5% of the total new vehicle sales. In terms of exports, 4.292 million vehicles were exported, a 13.7% year - on - year increase, including 1.532 million new energy vehicles, an 87.3% year - on - year increase [3] Group 5: Market Analysis Natural Rubber - Spot and spreads: On September 22, 2025, the RU basis was - 865 yuan/ton (- 30), the spread between the RU main contract and mixed rubber was 765 yuan/ton (- 40), the import profit of smoked sheet rubber was - 3388 yuan/ton (+ 132.60), the NR basis was 623.00 yuan/ton (- 58.00). The price of whole latex was 14750 yuan/ton (+ 50), the mixed rubber was 14850 yuan/ton (+ 120), the 3L spot was 15200 yuan/ton (+ 50). The STR20 was quoted at 1835 US dollars/ton (+ 10), the spread between whole latex and 3L was - 450 yuan/ton (+ 0), the spread between mixed rubber and styrene - butadiene rubber was 2750 yuan/ton (+ 120) [4][5] - Raw materials: The price of Thai smoked sheet was 59.67 Thai baht/kg (- 0.12), Thai glue was 55.80 Thai baht/kg (- 0.50), Thai cup lump was 50.35 Thai baht/kg (- 0.15), and the spread between Thai glue and cup lump was 5.45 Thai baht/kg (- 0.35) [5] - Operating rate: The operating rate of all - steel tires was 66.36% (+ 0.05%), and that of semi - steel tires was 72.74% (+ 0.13%) [6] - Inventory: The social inventory of natural rubber was 1,235,510 tons (- 22,205.00), the natural rubber inventory in Qingdao Port was 461,188 tons (- 125,451), the RU futures inventory was 154,920 tons (+ 3,180), and the NR futures inventory was 44,553 tons (- 1,411) [6] BR - Spot and spreads: On September 22, 2025, the BR basis was - 55 yuan/ton (- 60), the ex - factory price of butadiene from Sinopec was 9250 yuan/ton (+ 0), the price of BR9000 from Qilu Petrochemical was 11700 yuan/ton (+ 0), the price of BR9000 in Zhejiang Chuanhua was 11450 yuan/ton (+ 0), the price of private - owned BR in Shandong was 11400 yuan/ton (+ 0), and the import profit of BR in Northeast Asia was - 1732 yuan/ton (- 1) [6] - Operating rate: The operating rate of high - cis BR was 69.72% (- 3.76%) [6] - Inventory: The inventory of BR traders was 7820 tons (- 390), and the inventory of BR enterprises was 25900 tons (- 400) [6]

Group 1 - The core viewpoint of the article highlights the projected decline in the production of rubber tires in China, with a specific focus on the external tire segment [1] - According to data from the National Bureau of Statistics, the production of rubber tires in June 2025 is expected to reach 10,275 million units, reflecting a year-on-year decrease of 1.1% [1] - For the first half of 2025, the cumulative production of rubber tires in China is reported to be 59,166.8 million units, indicating a cumulative growth of 2% [1] Group 2 - The article references several listed companies in the tire industry, including Linglong Tire, Triangle Tire, Sailun Tire, Guizhou Tire, and others [1] - The report mentioned is titled "2025-2031 China Rubber Tire Outer Tire Industry Market Analysis Research and Industry Trend Judgment Report" published by Zhiyan Consulting [1][3] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing comprehensive solutions for investment decisions [3]