Tire Market Trends In 2010 Will Be From High To Low
Tire Market Trends In 2010 Will Be From High To Low
Industry as a whole may be negative growth in profits
This year, still increasing demand for our tires, a preliminary analysis of the tire industry will maintain a moderate growth rate may be about 10%. However, the price of natural rubber has risen to record highs, the cost of tire production increased substantially, so the tire industry's overall profits this year may be negative growth, market trends will be presented from high to low state. China Rubber Industry Association Tire Branch of the Secretary-General Tsai for the people to accept CCIN recently made the remarks during an interview. According to statistics
tire chapter, the first quarter of this year, 45 member companies tire output of 70.15 million, up 42%; sales revenue 37.1 billion yuan, up 43%. Among them, the radial output of 58.29 million, up 47%. In addition, exports of 27.59 million tires, up 33.4%; export delivery value of 10.6 billion yuan, up 47.5%. Among them, the radial export 24 million, an increase of 30.9%. Cai Weimin
analysis of the same period of last year by the financial crisis, economic operation low by historical standards, is not comparable; while the first two months of this year, two months after the chain last year, tire production decreased 11.4%, export delivery was decreased by 15.9%, sales grew only 10%. As the tire industry this year faces the United States and other tire safeguard the impact of trade protection, more uncertainty is expected to market will show a trend from high to low.
Hangzhou Zhongce Rubber Co., Ltd. Chairman Chen Jinrong analysis, because the world economic situation shows recovery this year, so stock up tire market in the state. "The process of making up the inventory, the manufacturer will give a very wrong message, it seems that the market extremely good; in to the inventory of a manufacturer when an error message, it seems extremely bad market. Over the half of the two factors relative preferences of Chinese tire market, one of the world tire market up inventory, the second is expected the Chinese market very well. in particular the restoration of means of production prices rise, many tire dealers, rubber and other raw material suppliers increase in inventory with impunity, so that stock market has far exceeded the normal operating level. but the first half of the real needs of the community far from the manufacturer felt needs. This growth is expected in the end can become a reality? my attitude cautious side, but also the second half. "
Chen Jinrong pointed out that China's car into the marked slowdown in sales in April. 4 months ago, car companies and circulation for the 999,600 total inventory. Among stocks to 664,000 passenger cars, accounting for sales of nearly 7 percent in April. This is a signal, the industry must pay attention.
In addition, Chen Jinrong also reminded to pay attention to the tire business in particular finished product inventory data. He said the number of tire inventory of finished goods are stated at cost prices, member companies last year, sales of 140.14 billion yuan the year, but at the end of finished goods inventory value reached 10.23 billion yuan, the average finished goods inventory more than a month, this ratio is too large for. Although last year's stock fell 4.1%, but lower overall costs in 2009, so the unit cost of finished goods inventories compared with the decrease in 2008, some well over 4.1%, indicating that the actual number of finished goods inventory is rising. The first quarter of this year, member companies produce finished goods inventory value of the tire is still as high as 10.13 billion yuan, up 9.7%, which should be highly alert to the industry.
In addition, due to high natural rubber prices have more than history, Chen Jinrong that the overall profit this year, China's tire industry experienced negative growth is a high probability event. "If by now the prices of raw materials to the current sales price of the tire, then the overall loss will be China's tire industry. This is the most prominent and most serious problem, we can only strive to minimize the extent of loss."
It is understood that this year, China's export situation is quite good tires, except for tires safeguard the decline in exports to the U.S., other areas on the rise.
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