Rubber alliance to protect the price of rubber
Japanese car big stop storm fermentation"
It is noteworthy, resulting in response to Friday's earthquake and tsunami, the shortage of supply facilities damaged and rolling power outages, major Japanese car manufacturers including TOYOTA, at least before Wednesday will not recover in domestic production。
Among them, TOYOTA is expected to shut down initially on Wednesday would lead to capacity loss of forty thousand vehicles. A report released by the IHS Automotive said that global production of Toyota Corporation 45% was affected by the earthquake and tsunami. IHS said it had received reports that TOYOTA, a plant that produces transmission equipment and a special forging plant that produces batteries, and other plants that produce electronic components may be shut down.
Japanese car manufacturers may still suffer. Mazda 15 announced that it will suspend all Japanese factory operations until March 20th. In addition, Honda said that the company will be extended to all domestic factories to work on Sunday, which will result in the loss of capacity of 16600 cars. Nissan said its two seat located in Tochigi Prefecture and Fukushima damaged factories will shut down until Friday, the other four is located in the Tokyo region and Japan's southern Fukuoka plant will be shut down until Wednesday.
Nomura Securities analyst Masataka Kunugi Moto estimates that if before the end of April production by half, TOYOTA as of 2012 March fiscal year operating profit will be reduced by 40 billion yen ($490 million), 3%. Nissan's operating profit could be reduced by 50 billion yen, or $8%. Honda's operating profit next year may be reduced by 30 billion yen, or $3.5%.
Nomura estimates that if the Tokyo power company service area in the eastern region of Japan to reduce the power of 25%, then the Japanese manufacturing output may be reduced by 2.5%. Investment adviser Mizuno Credit Advisory pointed out that Japanese manufacturers have plans to produce more cars overseas, the impact of the earthquake may accelerate the action.
Discontinued due to concerns about the Japanese car companies, Tokyo commodity exchange (TOCOM) period of rubber prices plunged 12% Tuesday to a four month low。 Rubber alliance, 15, said that for natural rubber prices fell sharply, the organization may be held this week with the industry to discuss the corresponding measures to support rubber prices。
The date when the news came, the association of natural rubber producing countries 15 announcement that has a production plant in the northeast coast of Japan tire company has confirmed that the plant and equipment is not damaged. The Association says demand in Japan accounts for 7% of global demand for natural rubber.