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According to the monitoring data of the cable network, from January to March 2016, the average price of domestic natural rubber standard rubber showed a slight upward trend
.
At the beginning of the year, the average price of the natural rubber market remained at 9920 yuan / ton, and rose to 10440 yuan / ton by the end of March, an increase of 5.
24%.
It ended the unilateral downward trend
that has been shown since June last year.
Under the continued efforts of the steady growth policy and supply-side structural reform measures, domestic market demand continued to rise, and manufacturing production also actively recovered
.
In March, China's manufacturing purchasing managers' index (PMI) was 50.
2%, up 1.
2 percentage points from the previous month, returning to expansion territory
.
Benefiting from the early market speculation of the dry weather factors of rubber-producing countries, the rubber tapping time was delayed, and the supply was not expected to pick up as scheduled, coupled with the domestic black series has always been in an upward rhythm, driving the strong performance of natural rubber
.
In terms of inventory, the high level of inventory in the bonded zone fell
.
Since the second half of last year, the bonded zone inventory has continued to increase, reaching a peak of 278,100 tons
in mid-February.
Subsequently, the suspension of cutting in foreign rubber countries affected the reduction of rubber imports, and the inventory of the bonded area began to gradually decline
.
By the end of March, the total inventory in the bonded zone had fallen to 265,800 tons, including 229,900 tons of natural rubber, 30,100 tons of synthetic rubber and 58,000 tons
of composite rubber.
At the beginning of this year, the operating rate of tire factories increased by about 5 points compared with the same period last year, and downstream demand was slightly better
than last year.
For the heavy-duty truck market, which uses the largest amount of natural rubber, sales of heavy-duty trucks continued to improve in February and March, with 32,000 vehicles expected to be sold, a year-on-year increase of 16%, and the heavy-duty vehicle market finally achieved positive growth for the first time after 18 consecutive months of negative growth
.
Overall, the strong rise in natural rubber prices in the first quarter was mainly due to
tight supply during the shutdown period and the collective rise of black commodities.
Before the arrival of the new global rubber season, the rapidly rising rubber price will lead to a significant reduction
in the supply-side production forecast in the new season.
Downstream factories are forced to purchase just need to buy, and the acceptance of raw material prices by physical demand needs to be tested, and if there is no greater growth in follow-up demand, the short-term supply tension contradiction will be quickly resolved
.
