卓创资讯：Spot supply exceeds demand, January Qingdao region natural rubber inventory accumulates

According to Zhuochuang Information, as of the end of January, the warehouse inventory of natural rubber in Qingdao is 591,200 tons, an increase of 71,800 tons compared to the end of December 2025, a growth of 13.82%, with the accumulation rate accelerating (previous increase of 9.35%). Among them, the bonded zone inventory is 105,700 tons, an increase of 20,200 tons from the end of December 2025, a growth of 23.63%; general trade inventory is 485,500 tons, an increase of 51,600 tons from the end of December 2025, a growth of 11.89%. Although the arrival volume of natural rubber has decreased, downstream production has been scaled back, and overall social inventory shows a supply surplus. Natural rubber inventory in Qingdao is accumulating. It is expected that overseas production areas will enter a reduction period in February, leading to decreased raw material output. Considering the impact of the Spring Festival holiday and avoiding shipping schedules, the arrival volume of natural rubber will decline. However, demand has decreased more significantly, as downstream tire companies are taking the longest holiday of the year, reducing raw material consumption and showing resistance to high-priced raw material procurement. Therefore, both supply and demand are declining, but the decline in supply is less than that in demand. It is expected that natural rubber inventory in Qingdao will continue to accumulate in February. (Zhuochuang Information)