Spot rubber market

First, the natural rubber supply and demand

Natural rubber is a major global industrial raw materials. The world's natural rubber production mainly in Thailand, Indonesia, Malaysia, China, India, Sri Lanka and a few other Asian countries such as Nigeria and a small number of African countries, China's production is mainly located in Hainan, Yunnan, Guangdong, Guangxi and Fujian and other areas. Among them, Hainan, Yunnan's natural rubber output of the national total output accounts for about 60% and 35%.

China is the world after the United States the second largest rubber consuming country, is located in Japan before production of natural rubber and synthetic rubber can not meet consumer demand for the basic needs of domestic and imported about half of the volume.

Second, the impact of fluctuations in the price of natural rubber a major factor

At present, the impact of natural rubber price volatility a major factor, more or less can be summed up as:

1) international market supply and demand of natural rubber and rubber producing country's main export market

2) the international market price

3) International Natural Rubber Organization member countries signed the International Natural Rubber Agreement

4) China's natural rubber production and consumption

5) China's natural rubber import tax policy and the level of

6) Synthetic production and application of

7) with the main rubber sectors of the economy, such as the automobile industry

8) natural factors: seasonal changes and climate change

9) political factors: policy and political changes

Third, imports of natural rubber cost analysis

At present, the Shanghai Futures Exchange, natural rubber contract for the delivery level: a homemade plastic SCR5 standards in line with the national standard GB8081 ~ 8090-87, the import Yan Pianjiao RSS3 with "natural rubber level of quality and packaging standards of the International (Green Paper)" (1979 version). As the imported products are more involved in the process, so the cost of more RSS3 Yan Pianjiao import costs as follows:

1) the cost of imported natural rubber formula

Import prices of imported Cost = (that is, quote) × exchange rate (RMB against the U.S. dollar) tariff + + + other value-added tax costs

- China on the assumption that Thailand's bid for 600 U.S. dollars / ton, sea freight and insurance for 40 U.S. dollars / ton, if the payment is the long-term (usually one month), then offer to raise 10 dollars / ton.

- U.S. dollar against the renminbi exchange rate of 1:8.3 for.

- Natural rubber import tariff of 25%.

- The Customs and Excise Department collected on natural rubber for 17% of the value-added tax; Hong Kong Futures Exchange and the provisions of members or customers in the physical delivery when the issue of VAT, 17% tax rate applied to imports, the domestic application of the 13% tax rate.

- Other costs include: the goods to Hong Kong, such as lifting costs 200 yuan / ton, importers of rubber into the funding of interest, miscellaneous transportation, storage, and so more or less the cost of 150 yuan / ton. (Interest on the funds according to the annual interest rate of 7.5 percent a month interest calculation: 8000 × 7.5% / 12 = 50 yuan / ton)

2) the cost of natural rubber imports

= (600 +40) × 8.3 + + tariff value-added tax + other charges

= 5312 +5312 × 25% + VAT + other charges

= 6640 +6640 × 17% + (200 +150)

= 8118.8 yuan / ton

Customs and value-added tax which is collected by the customs duties and value and 17% of the calculated