February, the performance of the domestic rubber market downturn, most product prices down. After the Spring Festival market is still in a slow recovery, petrochemical manufacturers increasingly high inventory, downstream plant resumed slow, low capacity utilization, resulting in excess supply after the holiday, the market decline decline. Business community, according to price monitoring, February commodity price change chart, rubber goods sector rose ring of two kinds, the former goods rose 2 were PC (0.81%), PA6 (0.24%); decline in commodity a total of 19 species, decline in more than 5% of the total of five kinds of goods, accounting for 23.8% of the sector is monitored commodity number; former declines products 3 were butyl rubber (-13.08%), natural rubber (labeled A) (- 10.37%), butadiene rubber (-7.04%), the month were down -3.48% rise.
On the rubber, the February whether or synthetic rubber, special rubber into a decline in both. Social business monitoring data show that as of February 27, the rubber index was 714 points, a record low hit cycle. Rubber heavy decline, mainly due to two factors: First, high inventory, and other factors led to an increase in imports of excess supply. Festival to February 27, the total inventory Qingdao Bonded Rubber breakthrough history than January 31 increased from 27,000 to 354,900 tons. Among them, 204,330 tons of natural rubber, synthetic rubber, 50,870 tons, 99,740 tons of rubber compound; Second, imports also increased month by month since last December; Third, the downstream demand slow recovery weighed on the trend, new orders delay curbed demand, leading the market to lose confidence.
Rubber industry analysts believe that the domestic rubber market is still in a stalemate, plastics and rubber supply and demand generally larger. Although the weather continued to pick up, the downstream plant operating rates continue to increase, the demand will be expected to heat up, but the supply will be a corresponding increase in imports will continue to increase, current situation of oversupply will continue for some time.Rubber market is not optimistic, natural rubber, synthetic rubber and specialty rubber stock pressure relief is not new, the market bearish attitude heavier. The market is expected in March is still difficult to get rid of the weak pattern of consolidation, the market rebound to pick up or will not reproduce.
Translated by Google Translator from http://market.cria.org.cn/25/19479.html
