Vietnam Experts predict that rapid demand growth in China in 2007 natural rubber futures prices hit a record high of 30,000 yuan to reach / ton. As a result, Vietnam next year China is expected to raise export prices of rubber.
Vietnam experts to speculate on the basis of the above from our side. According to statistics, since the beginning of this year, China's automobile tire production more than 80,000,000, which is equivalent to the output of the year in 2004 than the same period in 2005 grew 21%. China Rubber Industry Association plans in 2010 will increase the production of automobile tires to 320,000,000. China's existing reserves of natural rubber is about 100,000 tons, automotive tire industry on the demand for natural rubber accounts for 50-60% of the total demand, the impact of the price of rubber goes without saying.
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