Rubber industry continues to weaken

Traders have a large amount of rubber in their ports, and the current price of raw material production areas is higher than the sales price of domestic stocks. Rubber prices have experienced a serious upside down.

According to the domestic rubber spot price quoted on May 9, the spot price of warehouses in Qingdao Bonded Area is US$2,600 per ton, while the cost price in the main producing areas of Thailand is about US$2,700, plus freight, labor, With regard to financial and other costs, shipments to China will increase by at least US$200, and domestic and foreign spot prices will be seriously reversed.

Shandong Zhuo Creative Information Technology analyst Bai Hu said that high inventory pressure on rubber prices in the past two years has been reflected enough, Jiaojia also created a new low for three years, and high inventory has a very close relationship.

For the downstream tire manufacturers, the current inventory on the market is high, the tire factory has ample supply, do not need to order raw rubber in advance, and adopt the model with the use of mining, the National Bureau of Statistics released on April 15 showed that In March, China's auto production reached 2.29 million units, a year-on-year increase of 12.4%. Although downstream demand is increasing, overcapacity and high inventory pressure have caused rubber prices to fall all the way. Low raw material prices have brought high profits to tire manufacturers. .

According to Fu Miaomiao, general manager of Qingdao Weimei Tire Import & Export Co., Ltd., in fact, from the current situation, the total profit of our exports is upward, as compared with last year's. Earlier, the profit rate was 4%, and now it can reach 6%. This is still a good one. The cost of raw materials is a fluctuation. Manufacturers get a floating space and get higher profits.

Industry sources told the reporter that in the Southeast Asia region, the rubber tree planting area increased significantly from 2005 to 2007. Since 2012, the newly planted gum trees have already been tapped, resulting in a large amount of raw materials being supplied to the market. The future 3- In five years, there is ample supply of rubber. At the same time, analysts believe that although the recent rebound in the price of rubber ** is still in a downward aisle, adequate supply of raw materials will restrict rubber prices for a long time in a weak market.

Lu Zheng ** rubber analyst Wang Yulong said that the current negative factors are still concentrated in the perspective of supply and demand, rubber production in Southeast Asia, including domestic Yunnan, Hainan, in May into a tapping period, its supply will gradually increase, the domestic inventory pressure from The latter is still at a high level and it is difficult to eliminate it.