China In August 2009 Significantly Higher Natural Rubber Prices
Posted on: September 22, 2011
Various types of rubber in August with additional resources 620.5 thousand tons, down 4.8 percent compared with July, increased domestic demand, natural rubber market rose significantly.
The Ministry of Industry and Information Technology Web site September 27 message, in August as imports declined, and market new resources slow down growth than in July, the domestic rubber consumption demand continues to rise, combined with the world's supply of natural rubber as a whole is not abundant, natural rubber prices rise significantly .
1, the new resource growth slowed slightly in
According to preliminary statistics calculations, all kinds of rubber in August with additional resources 620.5 thousand tons, down 4.8% compared with July, compared with growth of 10.8% over the same period in 2008. Including natural rubber, additional resources 24 million tons, unchanged from the same period in 2008; synthetic rubber, additional resources 380.5 thousand tons, compared with growth of 18.9% over the same period in 2008. Preliminary estimate in August of domestic natural rubber production by about 9 million tons, essentially unchanged over the same period in 2008. 1-8 months of natural rubber output in China about 35 million tons, compared with growth of 12.9% over the same period in 2008. According to the National Bureau of Statistics, August Synthetic production of 246,000 tons, more than in July up 4.2% over the same period in 2008 increased 15.5%. 1-8 month Synthetic cumulative production 1.781 million tons, compared with growth of 4.2% over the same period in 2008. August imports of all kinds of rubber 284.5 thousand tons, down 14.0% compared with July, compared with growth of 10.7% over the same period in 2008. 1-8 months of imports of all kinds of rubber 2.1076 million tons, compared with growth of 2.4% over the same period in 2008. August rubber consumption is closely related with the auto industry, tire industry a good momentum of development, output growth accelerated, the domestic rubber consumption rose. It is estimated that in August all kinds of rubber consumption was about 580,000 tons, an increase compared with July.
Second, natural rubber market value is significantly higher
Due to rising domestic demand, combined with the international crude oil prices to hover above 70 dollars a barrel, Southeast Asia, one of the major producing countries to enter Indonesia, the Islamic holy month of Ramadan, as well as heavy rain tapping Thailand, the world's supply of natural rubber as a whole is not abundant, domestic natural rubber in August rose significantly. According to the China Logistics Information Center, market monitoring, in August combined average of domestic natural rubber prices in July rose 12.7%, is a larger rise in 2009 since the month.
The Ministry of Industry and Information Technology Web site September 27 message, in August as imports declined, and market new resources slow down growth than in July, the domestic rubber consumption demand continues to rise, combined with the world's supply of natural rubber as a whole is not abundant, natural rubber prices rise significantly .
1, the new resource growth slowed slightly in
According to preliminary statistics calculations, all kinds of rubber in August with additional resources 620.5 thousand tons, down 4.8% compared with July, compared with growth of 10.8% over the same period in 2008. Including natural rubber, additional resources 24 million tons, unchanged from the same period in 2008; synthetic rubber, additional resources 380.5 thousand tons, compared with growth of 18.9% over the same period in 2008. Preliminary estimate in August of domestic natural rubber production by about 9 million tons, essentially unchanged over the same period in 2008. 1-8 months of natural rubber output in China about 35 million tons, compared with growth of 12.9% over the same period in 2008. According to the National Bureau of Statistics, August Synthetic production of 246,000 tons, more than in July up 4.2% over the same period in 2008 increased 15.5%. 1-8 month Synthetic cumulative production 1.781 million tons, compared with growth of 4.2% over the same period in 2008. August imports of all kinds of rubber 284.5 thousand tons, down 14.0% compared with July, compared with growth of 10.7% over the same period in 2008. 1-8 months of imports of all kinds of rubber 2.1076 million tons, compared with growth of 2.4% over the same period in 2008. August rubber consumption is closely related with the auto industry, tire industry a good momentum of development, output growth accelerated, the domestic rubber consumption rose. It is estimated that in August all kinds of rubber consumption was about 580,000 tons, an increase compared with July.
Second, natural rubber market value is significantly higher
Due to rising domestic demand, combined with the international crude oil prices to hover above 70 dollars a barrel, Southeast Asia, one of the major producing countries to enter Indonesia, the Islamic holy month of Ramadan, as well as heavy rain tapping Thailand, the world's supply of natural rubber as a whole is not abundant, domestic natural rubber in August rose significantly. According to the China Logistics Information Center, market monitoring, in August combined average of domestic natural rubber prices in July rose 12.7%, is a larger rise in 2009 since the month.