subject: States Throw Control Reservoir 100 Thousand Tons Of Natural Rubber Prices [print this page] Following the auction sale of 14 after the first batch of natural rubber, this week the five State Reserves Bureau will use competitive bidding by throwing the second batch of 30,000 tons storage of natural rubber. Experts interviewed yesterday said that the state throw reservoir pressure trend in natural rubber prices to control prices and to protect the domestic auto industry is expected to throw reserves total will reach 100,000 tons, carried out in three batches.
Natural rubber is an important strategic resource and industrial raw materials, China is the world's largest consumer of natural rubber, natural rubber consumption in 2009 reached 3.35 million tons, accounting for 30% of global consumption, 70% -80% for the manufacture of tires.
In 2009, China's investment in fixed assets rubber products increased by 30% over the previous year, an increase tire production capacity of about 150 million, an increase of 20%, lower digestive capacity of natural rubber industry is also rising. In addition, car ownership in China continued to surge and the auto industry development, natural rubber prices on the domestic price level and the auto industry's growing influence.
Recently, the natural rubber price trend is clearly higher. First of all, this year, affected by the economic rebound, the world's natural rubber prices climb higher, the current international price of natural rubber futures market more than 29,000 yuan / ton. Secondly, one of the main producing areas of natural rubber in China Yunnan drought.
Affected by the above two factors, from January to March this year, the domestic rubber prices from 22,000 yuan / ton rose to 26,000 yuan / ton.
The State Reserve Bureau reserves the selling of rubber, designed to suppress the price trend. According to information released by the State Development and Reform Commission, 14 the first auction sales of natural rubber reserve price was 2.22 yuan / ton, 25 enterprises with an average of 25,020 yuan / ton bid for the contract price of the national reserves of 30,000 tons of natural rubber , the highest closing price of 26,000 yuan / ton, the lowest bid of only 22,220 yuan / ton.
Zhuo Li Zhenhua record information of natural rubber analysts interviewed yesterday, said, domestic prices rise too fast this year, the state is very concerned about the price of commodities, rubber products for automotive and some important raw materials of life, and indirectly on domestic prices impact.
Meanwhile, the recent rising steel prices, if the rubber prices to keep rising at the same time, very unfavorable to the development of the domestic auto industry, this time on the rubber price regulation is necessary.
Li Zhenhua said, the cast is expected to be three batches for storage, the total will reach 100,000 tons. Through regulation, "51" before the domestic natural rubber prices to remain stable. "51", due to the new open cut plastic, adequate supply of natural rubber prices rose market has changed from previous years, is expected to lower magnitude larger.
The impact on downstream industries, Mr Lee believes that such factors as speculators hoarding, rubber prices slow conduction of downstream products, is expected to affect the tires and other downstream products will be delayed 2-3 months.
States Throw Control Reservoir 100 Thousand Tons Of Natural Rubber Prices