Although reluctant to sell upstream human behavior exists, Hujiao launched a wave of a strong rebound, but weak helpless downstream tire industry, price spikes Difficult. I expect Hujiao hard to be optimistic outlook.
Producing countries benefit more limited measures the intensity
October 10, including Thailand, Indonesia, Vietnam, Malaysia, Colombia, including the major rubber producers gathered after deliberations, announced that it would not be less than the current 150 cents / kg sell rubber. Since the production of the above-mentioned producing countries accounted for more than 70% of global production, so the move was interpreted as suppressing rubber prices fell an important measure market.
Thailand’s National Rubber Policy Committee approved the planned acquisition of a rubber from October 22 onwards, and will spend 20 billion baht to build inventory. Another 10 billion baht will be paid to each rubber organizations for the acquisition of rubber. However, when the acquisition is not clear and specific rubber.
Analysts believe that the bullish measures the intensity is limited, it can temporarily slow down rubber prices decline, but not enough to push the sharp rise in rubber prices.
Breakout by the impact of foreign tire companies
At present, the domestic tire exports accounted for 43.3% of total output, of which exports accounted for 44.29% of its radial tire production, bias tire exports accounted for 35.11% of its production. In exports, more than 50% are exported to European and American markets, with the US accounting for a share of the total exports of Chinese tires about 30%. Many small and medium enterprises in Chinese tire exports of living, while the United States is a major exporter of Chinese tires, therefore, the double reverse would lead to a large number of SMEs export business is facing difficulties.
Statistics show that in 2013 US imports of tires from China 50.8 million, and these tires are mostly low-grade products. Chinese tire industry due to the large number of small enterprises, export competition, compared with large foreign enterprises, the bargaining power is weak, resulting in a price war between the tire companies.
In the tire business in the US to other pairs of counter-measures on the occasion of the market, but also the limitations encountered in other countries and regions. India not only on the domestic bus and truck radial tires anti-dumping investigation, and on the domestic bias tires for passenger cars and trucks launched anti-dumping investigations; Brazil on Chinese bicycles, cars, buses and trucks, tires and other products with anti-dumping investigation; Egypt imports from China truck and bus tires anti-dumping investigation; Colombia on Chinese-made buses and freight vehicles to make final anti-dumping tires; the Eurasian Economic Commission (Russia, white, Kazakhstan Customs Union) filing for China truck tires anti-dumping investigation. Chinese tire companies foreign to break restricted.
In summary, Hujiao market bullish enough to push prices up measures, under the influence of weak tire industry, the main 1501 contract does not exclude the possibility of testing 12,000 yuan / ton and the former low-supporting.
Translated by Google Translator from http://market.cria.org.cn/25/24404.html
