NR: Consolidation or Near‑Term Pullback（August 26）
Natural Rubber Daily Report
Consolidation or Imminent Pullback?
August 26, 2026
1. Price Index
On August 26, the STR20 price index in the Qingdao natural rubber market was $2,335/ton, down $5/ton from the previous trading day.
2. Market Analysis
Futures Market
Spot Market
Supply Side
Overseas: Both southern and northeastern Thailand experienced varying degrees of rainfall disrupting tapping operations. Raw material supply is increasing slowly. Dry rubber factories and secondary traders are actively restocking, and raw material prices are trending upward.
Vietnam's production areas are in the rainy season, with frequent nighttime showers disrupting daytime tapping operations, affected by rising raw material costs.
Domestic: Weather conditions in Yunnan production areas are favorable, with new rubber gradually coming to market in increasing volumes. Processing plants are maintaining high-price procurement of raw materials.
In Hainan production areas, rainfall has increased, limiting tapping operations. New rubber supply has decreased month-over-month. Local processing plants, to fulfill delivery commitments and production needs, are aggressively bidding up raw material prices.
Demand Side
According to industry sources, overall operating rates at tire manufacturers have changed little, with most continuing previous production control measures. Raw material prices continue to rise, highlighting cost pressures in tire production. Combined with current shipment performance falling short of expectations, production controls are expected to persist. To alleviate pressure, some companies may schedule maintenance shutdowns at month-end, further weighing on the supply side.
3. Futures and Spot Price Overview
4. Market Outlook
Today, the natural rubber market continued its oscillating pattern. The futures market offers no clear directional guidance, and spot quotes fluctuate narrowly with the futures board. Holders' willingness to sell is muted, market trading sentiment is subdued, with only sporadic inquiries.
On the supply side, rainfall in both domestic and overseas production areas continues to constrain tapping operations, limiting raw material release. Factories and secondary traders maintain strong restocking enthusiasm, keeping raw material procurement prices at elevated levels. The cost-side support remains intact.
However, insufficient demand-side follow-through is the main drag. Downstream acceptance of high-priced raw materials is limited, resistance is growing, procurement pace has slowed, and the pass-through of high costs downstream is obstructed. In the short term, the upward momentum for natural rubber has weakened, and the market is likely to remain in consolidation. If demand continues to be sluggish, further price correction downward cannot be ruled out.
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