Unprofitable corporate profitability and business management is done well bad has little relationship, the glue good buy is the most important. “” Well done is better to buy well. “This is in December China Rubber Industry Association Tire Branch and deputy chairman of the meeting held on the 15th, the unanimous view of the chiefs of the tire companies. This operating status, also contrary to conventional rubber stabilization fund “to become an important topic of the meeting.
In recent years, the international political and economic situation, the impact of commodity prices and the domestic and international capital speculation, the price of natural rubber fluctuations become the norm.Nearly two years, for example, the price of natural rubber in the beginning of 2011 jumped to more than 40,000 yuan / ton, while the end of the year fell to 26,000 yuan / ton; continued lower volatility in 2012, the highest price at 30,000 yuan / ton, the lowest in the 21,000 yuan / ton. As the cost of natural rubber accounted for more than 40% of the production costs of the tire, rubber prices fluctuated wildly undoubtedly miserable tire companies.
“Before 2000, the capital involved in the natural rubber market is not high, market prices basically reflect cost $ 2004, the capital began to intervene in the natural rubber market, so the market has undergone fundamental changes, natural rubber prices and the actual value separated from the fluctuations in full accordance with the orientation of the capital and a volatile, sometimes a month volatility, more than 20%, the volatility of the cost of production caused by the tire companies, tire manufacturers, natural rubber dealers and growers to create a very great harm, the only possible benefit is ‘capitalists’. ” Hangzhou Zhongce Rubber Co., Ltd. Chairman Chen Jinrong, also 2% of the average profit margin of the tire companies a little more and huge natural rubber price shocks influence can be imagined.
Chen Jinrong that the fluctuations in natural rubber prices have been out of the relationship, with the rubber supply and demand fundamentals, such as the last few days, natural rubber prices soared entirely without reason, many Thai farmers hands of glue, the Thai government at least has acquired 150,000 tonnes of plastic, the Chinese government is at least 25,000 tons of plastic storage, and the same period in synthetic rubber prices have fallen sharply, to prove that the global decline in demand. From the fundamentals, companies such as Michelin, Bridgestone, and Goodyear sharp decline in fourth-quarter sales target, the industry is not optimistic about the market “capitalists” optimistic. Injured in a serious departure from the market of this price and fundamentals must be the entity, including tire manufacturers and natural rubber plantation companies.
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Chen Jinrong said that, by 2008, the natural rubber market is dominated by the Tokyo Commodity Exchange is thereafter Shanghai Futures Exchange. A day when the last of the peak trading over 500,000 hands, the perennial positions in the hands of 100,000 or more, to reach more than 100 million tons. Therefore, he concluded, the volatility of natural rubber prices in recent years has been delinked from fundamentals, spot market prices and futures prices to a strong correlation, futures market prices lead the price of natural rubber, dominant in futures market in Shanghai. “Well, we can do?” Chen Jinrong that the tire industry’s demands to keep the price of natural rubber is relatively stable, reflecting the supply and demand fundamentals, rather than the product of capital speculation.
How to maintain the stability of the natural rubber prices? Should actively participate in this market, and anti-fundamentals, opposing anti-party to the relationship between supply and demand. “Chen Jinrong that the futures market is only malicious speculation, did not oppose the party, then the market will be unscrupulous. A few speculators to sit together and drink coffee can around the ups and downs of the prices of natural rubber. 10% of the fluctuations in the price of natural rubber is almost every month, a speculators earn up to 200 000 000 -3 billion tire companies fluctuations in loss of 20 billion -300 billion. The world’s 11 million tons of natural rubber market speculation upsets in pitch darkness. “They only market volatility in order to make money, and we only reduce volatility to make money.” Said Chen Jinrong, rubber stabilization fund, a large tire companies combined, the voice of the industry can be issued to the market, “capitalists” to see the power of the industry.
The futures company person in charge the rubber stable mode of operation of the fund, not for profit, establish commercial stock market buy low sell high, to stabilize the market price fluctuations, so that basically reflect the supply and demand fundamentals, issued by the industry in the market the voice of the master price initiative. The fund will be a number of large tire companies as a sponsor, set up a fund management company.
Double Coin Holdings, Ltd, Yuechun Chen said, the rubber stabilization fund is a good idea, good for the development of the industry’s health, not only tire businesses and rubber growers, and traders will not Jiaojia sharp fluctuations burned by the big win, less “jumped”. This is new to the firm support of double the money. He also suggested that allows procurement officers specifically discussed the details of the operation of the Fund.
Guizhou Tyre Co., Ltd., Ma Shichun, Double Star Tire Corporation, general manager of Bing Liang light, Linglong Tyre Co., Ltd. Deputy General Manager LIU Zhan Village, Guangzhou South China Rubber Tire Co., Ltd. Deputy General Manager Chen Dengjun rubber stabilization fund is a good thing, in the past few years, enterprise in the Jiaojia fluctuate significantly in painful this thing well can maintain a stable and healthy development of the industry. Tianjin United Tire & Rubber Co., Ltd., chairman of meters from the town, Sailun Co., Ltd. Vice Chairman Yan Wanhua, Xingyuan Tire Group Co., Ltd. Deputy General Manager SONG Ji too, Triangle Group Planning Minister Yuezhong bridges also agree with and support that the industry is a good thing.
Chiefs of the participating companies also fund some of the issues related to the exchange and communication, and agreed after the meeting by the the futures company refine Fund embodiment, and timely to reconvene the meeting to participate in the tire business procurement, financial officers, to discuss program details problems.
TANG Ngar Li, president of the China Rubber Industry Association, concluded that learning general secretary, recently proposed “talk about the country, hard work to make the country prosperous” future work of the Rubber Association is to actually promote the practical things conducive to the healthy development of the industry. China natural rubber consumption country, but it has not the right to speak of the price, especially in recent years, the natural rubber price fluctuations caused by corporate cost control more difficult enterprise average profit margin of only 2% to 3%, a little better is 5%. 10 years ago, the industry put forward the motion of the joint procurement, but the absence of a specific implementation plan and operability, and have not been able to really implement. The rubber stable fund after a year of deliberation, has been the preliminary program, major tire companies have reached a high degree of consensus, greatly advanced the progress of this work. The industry things always crying “wolf,” No, the Rubber Association will actively promote the steady progress of this work.
Honorary President of the Rubber Association, Fan Rende said rubber stabilization fund predecessors had not done, but also the stable development of relations industry the event, Jiaojia has no one around the point, so be sure to come up with specific advice as soon as possible this matter forward progress.
Translated by Google Translator from http://news.cria.org.cn/2/11959.html
