The face of the low volatility of the price of natural rubber, tire industry, but it felt a little tangled.
“At present, natural rubber futures prices per ton over the same period last year fell by nearly 5,000 yuan, more than the record high fallen by nearly 2 million, but the tire industry profit margins are somewhat lower than the same period last year.” 16, Shandong Province rubber Industry Association, Zhang Hongmin accepted Economic Herald reporter, not without concern, “said the ups and downs of the price of natural rubber is not conducive to business organizations production and set prices, should find ways to stabilize rubber prices as soon as possible.”
Under such circumstances, the rubber stabilization fund industry is growing, China’s first natural rubber trading center spot during the year will also be launched in Qingdao Rubber Valley. Tire companies hope that through joint procurement and other measures to enhance the right to speak, the price of natural rubber to stabilize the spot trading market for speculative overheating, but how effective has yet to be verified.
Jiaojia get on the “roller coaster”
“This year, the price of natural rubber in China can be said that out of the wave of” roller coaster “market.” Zhang Hongmin said, the end of January, the Shanghai Futures Exchange ton of natural rubber settlement price of less than 2.6 million in mid-February ascribed March to nearly 3 million, the price began to show decline, fall into the 10,000 yuan in late April, the lowest detection to 18,575 yuan, since May, although the price back above 2 million high points, but the amplitude is up to a thousand dollars.
It is understood that this year, due to the global economic downturn and the slowdown in China’s economic growth, the demand for natural rubber down, weak prices. At present, in the port of Qingdao Port, the largest import rubber, imported rubber has a large backlog in the bonded warehouse, to 370,000 tons, the highest ever recorded.
According to customs statistics, in April, China’s natural rubber imports 230,000 tons, an increase of 35.29%. Zhuo record information in Shandong rubber analyst white tiger, May, Thailand, Indonesia, Malaysia and other rubber main origin will enter a period of concentrated tapping, will greatly increase the supply of raw materials on the market, the domestic natural rubber inventories remain high is a foregone conclusion, the price is will be difficult to pick up.
Reduced demand for imports soared, indicating that the capital in vigorously bubbling natural rubber prices, thus exacerbating the low volatility of the price of natural rubber. “Zhang Hongmin reminded that prior to 2000 the degree of capital involved in the natural rubber market is not high, the market The price basically reflects the cost value; 2004, the capital began to intervene in the natural rubber market, the market has undergone a fundamental change. The price of natural rubber has separated from the actual value, in full accordance with fluctuations in the orientation of the capital, and severe shock, sometimes within 1 month volatility of 20%, rubber prices largely been reduced to a product of capital speculation.
Appeal to build a stabilization fund
The supposedly natural rubber prices, as the big rubber tire industry should “smiling” before an anomaly, but the current situation is that many companies simply Lebuqilai.
Ups and downs in raw material prices had a negative impact on downstream natural rubber prices to shocks in Hongmin, rubber processing enterprises is not easy to control costs, is not conducive to the organization of production and pricing; skyrocketing prices plummeted, and will also affect the upstream rubber farmers enthusiasm. Only when the upstream and downstream has a reasonable profit, the whole industry chain to sustained and healthy development.
China Wanda Group Director of the Office of Lvying Sheng, natural rubber prices continued to fall, procurement psychological expectations tire prices greatly enhanced, resulting in the market waiting to see atmosphere.However, tire companies from the procurement of raw materials to finished products for sale in the middle there is not a small time difference, the only choice is to cut prices for tires produced by the high-priced raw materials, production companies, not only triggered a price war, more damage on corporate profits.
According to the China Rubber Industry Association Tire Branch of the Secretary-General Cai Weimin (blog, microblogging) said, due to lower demand, sluggish tire prices, tire industry profit margin has dropped slightly over the same period last year.
To stabilize rubber prices, must enhance our capacity to respond to changes in the international natural rubber market. “Zhang Hongmin recommend proper control of natural rubber imports, China should try to curb capital markets malicious speculation.
It is understood that the industry is growing on the establishment of a rubber stabilization fund. Relevant programs under the coordination of the China Rubber Industry Association Tire Branch, developed by a number of large tire companies as promoters have been identified. The program intent to buy low sell high through the market, the establishment of business inventories, to stabilize the market price fluctuations, so that it basically reflects the fundamentals of supply and demand, and issued the voice of the industry in the market, so as to grasp the initiative in the price.
It is worth mentioning that the news came from the global rubber industry at the annual meeting held in Bangkok, Thailand, would soon be published by the the Qingdao Rubber valley Bohai Commodity Exchange jointly build a natural rubber trading center spot. By then, the main origin of the natural rubber in Thailand and other Southeast Asian countries will achieve the transparency of transactions of all-electric mode. Centralized bargaining, real-time locking the sales price and the spot trading, the daily settlement and the intermediate positions supplementary settlement system platform features, is expected to improve the current prices of natural rubber by the impact of international capital market trading environment was irrational fluctuations.
Translated by Google Translator from http://market.cria.org.cn/25/14561.html
