8 September, the Commerce Department announced the termination of anti-dumping on imports of SBR measures. Affected by this, the spot market in Shanghai rubber overall weakness, market quotations are not enthusiastic, Hainan, Yunnan, state-wide latex offer basic 12,000 ~ 12,100 yuan / ton.Earlier, after the sell-off plans to develop 200,000 tons of natural rubber in Thailand, the continued downturn in the price of natural rubber.Synthetic rubber, the Shanghai regional market, the domestic mainstream manufacturers of styrene-butadiene rubber, butadiene rubber prices overall softening trading conditions are more lukewarm.
At present, the structural shortage of butadiene, resulting SBR, butadiene synthetic rubber prices rose, domestic latex spot prices cheaper than butadiene rubber, this situation is not normal. In the Commerce Department announced the termination of the anti-dumping measures to imports of styrene-butadiene rubber, styrene butadiene rubber imports may surge, butadiene synthetic rubber latex supporting role in the disappearance of whole, natural rubber prices will decline in homeopathy. SBR is mainly used in tire manufacturing, had a large number of low-priced imports of rubber damage to the domestic industry, so the country from 2009 began to import SBR tax levy of up to 38 percent.
Rubber both industrial and agricultural property, agricultural property subordinate its supply side, the price elasticity of supply is very small, which means that changes in the supply-side of their price impact will be very significant. Currently, the natural rubber market oversupply serious inventory again hovering at historically high levels, the supply curve to the right to move naturally will lead prices continued to fall. The domestic tire enterprises are facing another round of counter-investigation from the United States, and its exports woeful. Under such a downturn, rubber downstream consumer market expectations relatively dim.
Translated by Google Translator from http://market.cria.org.cn/25/23306.html
