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In the last trading day, the rubber market demand did not improve significantly, and the inventory in rubber producing areas remained high, and it is expected that the spot price of rubber will be difficult to rise
in the short term.
Specifically, in terms of downstream market demand: in April this year, the domestic heavy-duty truck market sold a total of about 103,000 vehicles of various types, a significant increase of 50% over the same period last year of 68,900 units, and a decrease of 10%
month-on-month.
In April, vehicle production was 2,138,400 units, down 17.
88% m/m and 1.
91% y/y.
Sales were 2,084,000 units, down 18.
05% m/m and 2.
24%
y/y.
In April 2017, China's automobile production and sales decreased significantly compared with the previous month, and the year-on-year growth also ended, showing a slight decline
.
In terms of import and export, according to data from the General Administration of Customs of China, in April 2017, China imported a total of 580,000 tons of sky rubber and synthetic rubber (including latex), an increase of 16% over 500,000 tons in the same period last year.
However, it decreased by 17%
month-on-month.
In the first four months of 2017, a total of 2.
35 million tons of sky rubber and synthetic rubber (including latex) were imported, a year-on-year increase of 30.
3%.
Despite the upward trend in global growth, higher-than-expected GDP growth in China, and continued growth in the Eurozone and Japan, rubber market prices rose slightly
.
However, due to the limited support of positive factors, the price increase of rubber spot prices has been weak.
