中文    /   Eng

Chinese rubber demand increase capacity increase

Date:Mar 25,2009

  By the government to revitalize the auto industry stimulus measures, tire manufacturers, China is running at full capacity, consumer demand for rubber increased. Tire manufacturing industry began to recover from the end of February to early March, most of the production will resume, Hangzhou Zhongce Rubber Co. official said, still uncertain how long this state will last. Experts, February auto sales in China soared 25 percent, after the government tax cuts for some models, the first increase for four consecutive months since. Chairman of the China Rubber Industry Association Fan Deren said tires accounted for 60 to 70 percent of China's rubber products. Thailand's biggest rubber exporter Von Bundit Ltd. sales director Jason said Chinese stock market seems to have run out, and the Chinese tire manufacturers will increase production capacity to 80 to 90%, so demand is expected to increase in recent months; China traders are actively buying. China car sales rise in January, surpassed the United States as the world's largest auto market. Chinese government has issued 500,000 yuan car to the countryside subsidies to promote auto sales in rural areas. Over the past year due to the global recession reduced demand for tires, natural rubber prices have fallen by 50%. In 2008 the European car market shrank 7.8 percent US sales fell 18 percent, the highest 16-year low. Chinese rubber demand outlook is uncertain, the market continues to wait and see whether there is a positive factor. As the world's third largest economy, China's natural rubber consumption this year may be from 2.53 million tons last year, up 4.7 percent to 2.65 million tons. Rubber Industry Association, said the President of our country, its consumption growth rate is far lower than in 2007 by 7.7%. James McGregor, general manager of the International Labour synthetic Rubber Producers Association said that in 2009 China's demand for synthetic rubber will be steady, due to the global natural rubber consumption is expected to decline 4% to 5%; China's demand for synthetic rubber is likely to continue rising strongly, the synthetic supply members accounted for 95% of the world's total. Fan Deren express my State Reserve Bureau may be from the domestic market, buy up to 80,000 tons of natural rubber in order to raise prices.

TypeInfo: Industry news

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