Recently, the price of natural rubber has continued to soar, and the price of natural rubber has surpassed the 40,000 yuan mark per ton, creating a record high; synthetic rubber prices have also followed a sharp rise in prices, causing severe impact on the production and operation of tire companies in Shandong, the nation's largest tyre producer. The rapid increase in production costs of enterprises has led to a reduction in production or production suspension for most enterprises. The Shandong tire industry responded to soaring rubber prices. On February 16, the Shandong Petrochemical Industry Association convened a forum to deal with soaring rubber prices. Representatives agreed that the key to saving the tire industry on the verge of life and death is to curb market speculation. .
According to Minister Dong of Cooper Chengshan (Shandong) Tire Co., Ltd., the global demand for natural rubber was 10.2 million tons in 2011, and the actual production of natural rubber was 9.7 million tons, and the gap was only 5%. The main reason for the skyrocketing rubber price was due to excess liquidity of capital. And the resulting speculation.
According to Wang Ling, Purchasing Department of Shandong Linglong Group's Purchasing Department, since 2010, due to dry weather in major producing areas such as Yunnan, and tapping periods in major producing areas such as Thailand and India have been delayed due to rainy weather, natural rubber production has decreased compared with previous years. The price of natural rubber rose rapidly. The reduction in natural rubber production and prices have led some domestic traders to feel that they have the opportunity to inject a large amount of capital into the natural rubber futures market, driving up prices and driving up the spot market price.
Shandong Jinyu Tire Group Marketing Manager said that the recent surge in natural rubber prices, reached 40,400 yuan per ton before the Spring Festival, is now close to 43,000 yuan, although companies continue to increase prices of products, but still can not keep up with the pace of raw material prices.
The person in charge of the participating tire company also stated that at the beginning, the country determined that 20% of the natural rubber import tariff was for the protection of natural rubber as a strategic material and the interests of domestic rubber farmers. In the past, the demand for natural rubber was low, and domestic natural rubber was not easy to sell. With the increase in demand, domestic natural rubber has changed from being unable to sell to being in short supply, and the foundation for the unprotected natural rubber industry cannot survive. In 2010, the total amount of natural rubber imported by China reached 2.37 million tons, but the total amount of natural rubber produced in China was only 660,000 to 690,000 tons. The self-sufficiency rate of natural rubber in China is declining year by year. When the price of natural rubber has reached the highest level in history, the elimination of natural rubber import tariffs will not affect the development of the domestic natural rubber industry, but also help the tire industry to reduce costs and enhance competitiveness.
After participating in the conference, the CEOs of nine companies, including Delta Group, Shandong Linglong, Cooper Chengshan, Shandong Jinyu, Shandong Xingyuan, Shengtai Group, and Sanli Group, communicated and discussed. They believe that the price of natural rubber has skyrocketed, despite the increase in demand, natural rubber. The effects of various factors such as reduced production and the depreciation of the US dollar, but the most important thing is the result of speculation. This result has seriously deviated from the normal market volatility, now is engulfing the tire industry profits, the tire industry has reached 60% of the loss. At the same time, it will also cause damage to automobiles, construction machinery and related industries.
To this end, everyone unanimously hopes that the provincial government will report to the State Council that it will request the country to put national reserves of natural rubber into the production enterprises as soon as possible to stabilize the price of natural rubber; it is recommended that the government adopt temporary zero-tariff measures for natural rubber and synthetic rubber to reduce the production cost of enterprises; As soon as possible, establish a domestic joint rubber pricing system based on the price of refined oil.
In order to effectively reduce the adverse effects caused by the skyrocketing glue price, representatives at the meeting reached a consensus: First, it is recommended that industry associations, in conjunction with relevant departments, issue data such as rubber resources and market demand to the society as soon as possible to curb speculation in the market; Regional joint procurement measures to reduce production costs; Third, due to the current industrial rubber loss caused by rising prices of natural rubber, in order to protect the survival of enterprises, related companies immediately take measures to reduce production.
According to Minister Dong of Cooper Chengshan (Shandong) Tire Co., Ltd., the global demand for natural rubber was 10.2 million tons in 2011, and the actual production of natural rubber was 9.7 million tons, and the gap was only 5%. The main reason for the skyrocketing rubber price was due to excess liquidity of capital. And the resulting speculation.
According to Wang Ling, Purchasing Department of Shandong Linglong Group's Purchasing Department, since 2010, due to dry weather in major producing areas such as Yunnan, and tapping periods in major producing areas such as Thailand and India have been delayed due to rainy weather, natural rubber production has decreased compared with previous years. The price of natural rubber rose rapidly. The reduction in natural rubber production and prices have led some domestic traders to feel that they have the opportunity to inject a large amount of capital into the natural rubber futures market, driving up prices and driving up the spot market price.
Shandong Jinyu Tire Group Marketing Manager said that the recent surge in natural rubber prices, reached 40,400 yuan per ton before the Spring Festival, is now close to 43,000 yuan, although companies continue to increase prices of products, but still can not keep up with the pace of raw material prices.
The person in charge of the participating tire company also stated that at the beginning, the country determined that 20% of the natural rubber import tariff was for the protection of natural rubber as a strategic material and the interests of domestic rubber farmers. In the past, the demand for natural rubber was low, and domestic natural rubber was not easy to sell. With the increase in demand, domestic natural rubber has changed from being unable to sell to being in short supply, and the foundation for the unprotected natural rubber industry cannot survive. In 2010, the total amount of natural rubber imported by China reached 2.37 million tons, but the total amount of natural rubber produced in China was only 660,000 to 690,000 tons. The self-sufficiency rate of natural rubber in China is declining year by year. When the price of natural rubber has reached the highest level in history, the elimination of natural rubber import tariffs will not affect the development of the domestic natural rubber industry, but also help the tire industry to reduce costs and enhance competitiveness.
After participating in the conference, the CEOs of nine companies, including Delta Group, Shandong Linglong, Cooper Chengshan, Shandong Jinyu, Shandong Xingyuan, Shengtai Group, and Sanli Group, communicated and discussed. They believe that the price of natural rubber has skyrocketed, despite the increase in demand, natural rubber. The effects of various factors such as reduced production and the depreciation of the US dollar, but the most important thing is the result of speculation. This result has seriously deviated from the normal market volatility, now is engulfing the tire industry profits, the tire industry has reached 60% of the loss. At the same time, it will also cause damage to automobiles, construction machinery and related industries.
To this end, everyone unanimously hopes that the provincial government will report to the State Council that it will request the country to put national reserves of natural rubber into the production enterprises as soon as possible to stabilize the price of natural rubber; it is recommended that the government adopt temporary zero-tariff measures for natural rubber and synthetic rubber to reduce the production cost of enterprises; As soon as possible, establish a domestic joint rubber pricing system based on the price of refined oil.
In order to effectively reduce the adverse effects caused by the skyrocketing glue price, representatives at the meeting reached a consensus: First, it is recommended that industry associations, in conjunction with relevant departments, issue data such as rubber resources and market demand to the society as soon as possible to curb speculation in the market; Regional joint procurement measures to reduce production costs; Third, due to the current industrial rubber loss caused by rising prices of natural rubber, in order to protect the survival of enterprises, related companies immediately take measures to reduce production.
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