In 2005 before the rubber market in May Review

In 2005 the first five months of domestic rubber consumption market is more robust, new resources, only a slight increase in market supply and demand constantly improved, a large number of stock futures to digest, resulting in pre-market rebound rubber. Rubber is expected in the second half of the market supply and demand will continue to be improved, but the gradual increase in the listing of new plastic and exchange rate uncertainty, but also to the rubber market in the second half to add a lot of variables.

Add a slight increase in resources

1 to May this year, China's rubber resources to add the same period last year largely unchanged, a slight increase. The national total of new rubber resources is about 1,710,000 tons, more than 1% increase over the same period last year. Although the first 2 months of the new rubber resources in the same period last year decreased more, but from the beginning of March, new resources and gradually increased in May only to have been completely reversed the decline in the same period last year. The first 5 months of the new rubber resources, natural rubber, 650,000 tons more than last year's 3.2 percent increase over the same period; 1,060,000 tons of synthetic rubber, down 0.3 percent.

This year, the largest producing areas in Hainan, some time ago experienced the worst drought in 100 years since, natural rubber production and market volume has been greatly affected, it is estimated that national production of about 55,000 tons, roughly flat with the same period last year. For the first 5 months cumulative natural rubber production in about 110,000 tons.

Synthetic production increased slightly. In the first half of this year, the new limited production capacity and supply of raw materials, synthetic rubber production in the country to increase much. According to statistics, the first 5 months of this year, the national production of synthetic rubber 630,800 tons, only 4.7 percent increase over the same period last year. 2, but entered the quarter, domestic synthetic rubber constant speed. If the May output 138,900 tons, an increase of 13.1 percent, and the growth rate in April to increase 6.7 percentage points on the basis of, an increase of 4.3 percentage points.

This year a total of 1 May, the national rubber production is about 740,000 tons more than last year's 3.4 percent increase over the same period. The rubber imports declined slightly. According to customs statistics, the first 5 months of this year, the country imported 968,400 tons of rubber types of the same period last year decreased 0.8 percent. Among rubber imports in May to 174,700 tons, declining 20.1 percent the previous month, representing growth of 16.5 percent over the same period last year.

Consumer demand is strong

2 in the quarter despite the country adopt a number of macro-control measures, but is closely related to the consumption of rubber tires, such as rubber production still maintained rapid growth. According to statistics, 1 May, the National Tire (including all kinds of tire, the same below) 117,350,000 yield the same period last year, up 27%; tire production in May of which 26,640,000, an increase of 28.6 percent, and accelerate growth.

In rubber production to stimulate growth, in May before the rubber consumption continued to show strong growth pattern, close to the consumption of 2,000,000 tons, an increase of more than 15%. One in May in the consumption of 400,000 tons more than the additional resources to continue to be higher than the same period of growth.

More than a month in a row because of new rubber resources is less than consumption, since 2004 a serious oversupply of market relations have greatly improved, the recent tight supply of the local market began to show signs of the need to attract our attention.

Market price movements co-exist

Tapping into the period, despite the new glue to gradually increase the amount listed, but the main producing areas of serious drought, there are more difficult to increase production, the price of natural rubber to form a strong support; synthetic rubber because of high prices, to a certain extent, curbed consumer demand, Market prices continued to go down. An important means of production, according to Commerce Department data show that the market monitoring system, in May to monitor key areas of standard natural rubber on the 5th of plastic, the average price of about 12,940 yuan (price tons, the same below), largely unchanged from the previous month; SBR ( Rosin) is about the average price of 13,354 yuan, down 3.3 percent; butadiene rubber is about the average price of 14,092 yuan, down 8%.

In the past 5 months the overall market situation, domestic natural rubber price has gained momentum, synthetic rubber prices remained low, the two major types of rubber price has been reduced, but still higher than the price of synthetic rubber natural rubber prices, the average price at 800 Yuan.