Since April 2026, the natural rubber market has seen a slight increase. As of April 27th, the spot rubber market in China’s natural rubber market was around 17150 yuan/ton, an increase of 3.52% from 16566 yuan/ton at the beginning of the month.
| Gamma-PGA (gamma polyglutamic acid) |
Due to weather disturbances, the rubber cutting process at home and abroad is slow, and the overall supply is tight. The main production areas of Yunnan and Hainan in China continue to experience high temperatures and little rainfall, and some areas in Yunnan have temporarily stopped cutting due to drought. After cutting in Hainan, the release of glue is slow. Southeast Asian countries such as Thailand and Vietnam have also been affected by drought disturbances, leading to higher prices for raw material adhesives. Raw material prices in Thai production areas have reached a new high in recent years, with strong cost support. ANRPC data shows that global natural rubber production may slightly contract in 2026, with a supply and demand gap of about 400000 tons for the whole year, and the expectation of tight supply is rising.
Downstream tire companies experience narrow fluctuations in production, with strong demand support being the main factor. As of the week of April 24th, the construction rate of semi steel tires by domestic tire companies was 7.7%; The construction of all steel tires by Shandong tire enterprises started at 6.90%. The demand for natural rubber has some support, but tire inventory continues to rise. The turnover days of all steel tires are nearly 40 days, and the turnover days of semi steel tires are over 43 days. Enterprise procurement is mainly based on rigid needs, and the willingness to replenish inventory is low.
Port inventory has slightly increased: as of April 26, 2026, the total inventory of Tianjiao bonded and general trade in Qingdao area was 716300 tons, an increase of 7500 tons compared to the previous period, with a growth rate of 1.06%.
Market forecast:
Overall, if the precipitation in the production area continues to be low in the later stage, the expectation of tight supply will be strengthened, and the price is expected to be tested at 17500 yuan/ton; If the drought situation eases, the amount of new glue added accelerates, and the inventory turnover slows down, the price may fall back to around 16500 yuan/ton.
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