Rubber prices up at the sound of reversing the situation upside down

July, the domestic rubber additional resources to continue to lag behind consumption growth. The continued tight supply-demand relationship and the steady decline in the social stock, which set off a round of strong market prices rising market. In particular, natural rubber prices had risen sharply, reversing the basic ten months since the Synthetic and natural rubber prices inversion of the abnormal situation.

Add a small increase in resources

July, the domestic rubber resources continued to show modest growth. According to statistics, in July of the National Rubber additional resources 410,000 tons, up 5.2 percent. 1 July, totally, new rubber resources is about 2,520,000 tons, up 2.4 percent. In July of new rubber resources, natural rubber, 180,000 tons, up 5.9 percent; 230,000 tons of synthetic rubber, up 4.6 percent.

Because of the main producing areas in the early severe drought, the production of natural rubber had a greater negative impact. As a result, the national natural rubber production increased much listing and. 1 to July cumulative natural rubber production at around 260,000 tons, largely to maintain the level of last year. July, the national production of synthetic rubber 138,200 tons, a slight increase over the previous month, up 14.2 percent, an increase of the level of increase. 1 July, totally, synthetic rubber output of 915,100 tons, an increase of 7.3 percent.

Rubber import levels continue to fall. According to customs statistics, in July the country for all types of rubber imports 190,900 tons, a slight decline in the previous month, up 1.5 percent and imports growth rate continues to fall. 1 to July accumulated, the National various types of rubber imports 1,340,000 tons, up 0.2 percent decline in imports decline again. The import 730,000 tons of natural rubber, synthetic rubber imports of 610,000 tons, respectively, year-on-year growth of 5.6 percent and 6.5 percent decline.

Consumption level has improved

To enter in July, the national rate of industrial production down, but car production at a high level of production reached 475,000, up 27.8 percent, exports of rubber tires, and so on a good situation, to stimulate the production of rubber tires, such as strong growth. According to statistics, in July of the National tire production (including all kinds of tire, the same below) 26,630,000, a slight decline in the previous month, up 35.6 percent, and increase the growth rate. 1 to July accumulated, the National tire production 171,620,000, an increase of 29.7 percent. In rubber production to stimulate growth, in July in all types of rubber consumption to about 450,000 tons, an increase of 20%. 1 to July a total rubber consumption of more than 2,800,000 tons, up 20%, very strong consumer demand.

From July of supply and demand, the amount of resources to continue to add rubber consumption is less than, less than some of the stock be resolved through consumption. 7 to the end, the Shanghai Futures Exchange inventories of natural rubber in June with more than decline.

Strong market prices rise

In the last two months since the tight supply at home and abroad and the strong surge in crude oil prices, stimulate the rubber, particularly natural rubber prices rise sharply. An important means of production, according to Commerce Department data show that the market monitoring system, in July, the monitoring of key areas of standard natural rubber on the 5th of plastic, the average price of about 15,975 yuan (price tons, the same below) in May rose more than 23%; Rosin SBR is about the average price of 14,710 yuan, up 10.2 percent; butadiene rubber is about the average price of 15,730 yuan, up 11.6 percent. As the natural rubber price was higher than that of synthetic rubber, reversing the ten months since the price of the abnormal situation upside down.

Spot prices in the stimulus, Shanghai Rubber futures prices rose strongly. According to the data of calculation, 7 at the end of this year, the Shanghai Futures Exchange for three months (on 8, 9, 10), the average contract settlement price of 16,805 yuan, more than at the end of 6 and up 15.7 percent for this year, the highest since monthly Up.

Although the price of natural rubber in recent weeks there have been marked down, but by strong demand, oil prices continued to rise, synthetic rubber production costs continued to raise domestic natural rubber production in arid areas or the main production factors such as the small increase in support, domestic rubber Price increases will not be deep down, but the low price will not be around long.