According to the Commodity Market Analysis System of Shengyi Society, the domestic natural rubber spot market has been consolidating narrowly recently (11.13-11.20). As of November 20th, the spot rubber market in China’s natural rubber market was around 14908 yuan/ton, an increase of 0.17% from 14883 yuan/ton on the 13th. Supported by the cost of natural rubber raw materials and the urgent demand, natural rubber has been slightly adjusted. However, the inventory of Tianjiao at the port continues to increase slightly, which has a certain bearish impact on the Tianjiao market. As of November 20th, the mainstream price for 24 years of Guangken, Baodao, and Haibao latex in Qingdao area is 14800~15100 yuan/ton.
As of November 20th, the price of Thai glue was 57.00 baht/kg, an increase of 1.23% from 56.30 baht/kg on November 13th. The current price of natural rubber raw materials is still running at a high level, and domestic rubber cutting will gradually stop in the later stage. However, the global rubber cutting season will gradually come, and the overall supply of natural rubber raw materials is expected to increase in the later stage. The price of natural rubber raw materials may fall from a high level.
Recently (11.13-11.20), natural rubber inventory has continued to decrease slightly, which has a greater impact on natural rubber. As of November 16, 2025, the total inventory of Tianjiao bonded and general trade in Qingdao area was 452600 tons, an increase of 0.31 tons or 0.70% compared to the previous period.
Recently (11.13-11.20), the overall stability of downstream tire production has provided essential support for the natural rubber market. As of November 15th, the construction of semi steel tires by domestic tire companies has reached around 7.40%; The construction of all steel tires by tire companies in Shandong region has reached about 6.5%.
Market forecast: Currently, natural rubber raw material prices are running at a high level, supported by downstream demand, and the inventory of Tianjiao Port continues to increase slightly. Overall, it is expected that the natural rubber market will mainly fluctuate within a certain range before the holiday.
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