Natural Rubber & Carbon Black Price Trends

Natural rubber price: From the perspective of futures prices, according to the news from Jintou.com, the main price of rubber is between 13750.00-13770.00 yuan/ton, the price of rubber 2509 is 13750.00-13770.00 yuan/ton, the price of rubber 2511 is 13775.00-13795.00 yuan/ton, and the price of rubber 2601 is 14595.00-14620.00 yuan/ton.

From the perspective of spot prices, the domestic natural rubber spot market has fluctuated downward recently. As of June 25, the spot price of natural rubber in my country's natural rubber market was around 13628 yuan/ton, and the mainstream price of 23-year-old Guangken, Baodao, and Haibao full latex in Qingdao was 13600-13850 yuan/ton. The price of Thai glue is 57.50 baht/kg, which is the same as on June 18.

Carbon black price: From the recent trend, the price of carbon black is on a downward trend. According to the data of Sino-Trade, the reference price of carbon black on June 19 was 7250.00, which was 2.95% lower than 7470.00 on June 1. According to Tonghuashun Finance, as of June 20, the price range of carbon black N330 in Shandong market was 6300-6500 yuan/ton (non-tire, acceptance, delivery, tax included), which was about 300 yuan/ton lower than the average price in early June.

Price market expansion

Factors affecting natural rubber prices: In terms of supply, the current domestic Yunnan production area has entered the harvesting period. Although the recent rainfall in Thailand and Hainan has increased and the price is running high, the global supply is expected to increase in the future, and the price of natural rubber raw materials is expected to fall. On the demand side, the start-up of downstream semi-steel tires has slightly decreased, which has exerted certain pressure on the natural rubber market.

In terms of inventory, as of June 22, 2025, the total inventory of natural rubber bonded and general trade in Qingdao was 617,300 tons, an increase of 10,300 tons from the previous period, an increase of 1.70%. The increase in inventory has a suppressive effect on prices.

Factors affecting carbon black prices: In terms of supply, the start-up load of the carbon black market showed an upward trend in June, and the increase in market supply was greater than the increase in demand, resulting in insufficient support for price negotiations.

On the demand side, in early June, the main downstream demand tire market for carbon black mainly consumed previous inventory, and the enthusiasm for new orders was not high; in mid-June, tire factories increased their purchasing enthusiasm due to concerns about the rise in carbon black raw materials, but due to the relatively abundant supply, the pricing of new orders was lower than expected; in the second half of the month, the demand side had weak buying intentions, and the market mainly executed orders for shipments.

In terms of cost, crude oil prices fell in early June, and the center of gravity of carbon black market prices fell. Crude oil prices stopped falling and rose in mid-to-late June, but the carbon black market was flat and prices were mainly stable and negotiated.

Overall, natural rubber has recently been affected by expectations of increased supply and rising inventories, and the market has been weak and volatile; carbon black prices have stabilized after an overall decline in June due to factors such as imbalances in supply and demand. In the medium and long term, as raw material prices may rise and expectations for tire production are higher, carbon black prices may have room to rise.