International Rubber Study Group: Jiaojia will be in high supply is still tight

International Rubber Study Group, a recently held in Bangkok in a rubber conference that the second half of this year, natural rubber prices will be at the high point, the world's rubber supply is tight.

The official said that by the end of this year, the world's rubber stock will be increased to meet the needs of 3 and a half months, slightly higher than earlier this year of 3.2 months, but still well below pre-2056 to meet the 5 months of consumption volume . But even if increased to 3 and a half months, is still relatively small, supply remains very tight.

The main rubber producing countries of the tight supply is expected to make the end of this year Jiaojia hold senior posts.

In addition, the city of Pingxiang in Guangxi in China, a survey showed that in July Vietnamese rubber export prices rose significantly, the price per ton to reach 2600 U.S. dollars, the all-time high.

It is reported that early in July, Vietnamese rubber exports reached 42,000,000 ton Vietnamese dong / ton (equivalent to 2600 U.S. dollars / ton), which is unprecedented high prices. Vietnam rubber prices in general for the 38,000,000 to 37,000,000 Vietnamese dong / ton.

Investigation showed that from 1 to July this year, the Vietnam Rubber production of about 200,000 tons more than the same period in 2005 increased 36%. Vietnam led to stable sales of rubber export prices rose significantly, in July Vietnamese rubber exports increase, of about 335,000 tons, an increase of 42% of the total amount of 630,000,000 U.S. dollars.