ResearchIndustry2026-09-30
Natural rubber jumps 5.54% in a day, but bulging tire inventories stall the pass-through
Natural rubber at 20,095 yuan (+5.54%) and butadiene rubber at 16,000 (+3.96%) show strength at the feedstock end. But tire makers' finished-goods inventories have built up, and the price rise cannot pass through to the downstream — profits along the rubber-plastic chain are being re-sliced between upstream and the shelf.