From 2016 to 2018 there will be a shortage of rubber supply
By November sales growth of Chinese cars and heavy rainfall in Thailand, the largest rubber producing influence of tapping operation, rubber prices rose to the highest point in three years。
According to the China Association of automobile manufacturers (China Association Automobile Manufacturers) report, in November car sales reached 2 million 900 thousand, an increase of 16.6%. This year, the introduction of small car purchase tax incentives to stimulate demand, despite the November sales growth of less than 26.1% of the peak in September, but it marks the realization of the continuous growth of the sixth months of the figure of two.
Rubber prices in Singapore closed up nearly 8% to $205.60 per kilogram, the highest level since January 2014. Rubber for condoms and gloves.
German Commercial Bank (Commerzbank) said: "if demand remains this vitality, will require more rubber to make tires."
Chinese consumers rush to buy cars before tax breaks end. This is pushing up the price of palladium, the precious metal catalytic converter for a gasoline engine, the price of this year rose more than 1/3, to $727.35 per Troy ounce.
博美彩票官网However, some auto industry executives and analysts worry that if the Chinese government fails to extend the tax cuts, next year's sales growth may slow down. The policy was introduced at the end of 2015 to support consumer demand.
Analysts said the strong rainfall largest producing countries, Thailand has also pushed up the price of rubber, because of heavy rain interferes with the tapping operation, increasing prices.
Since the beginning of 2011 rubber prices approaching $600 / kg, the rubber market has been in decline. This year, rubber prices have risen more than 80%, which is likely to lead to Bridgestone (Bridgestone), Goodyear (Goodyear), Michelin (Michelin) and other leading tire manufacturer cost increase.
In the Chinese car sales data released, industry consultants expect, due to the decline in the harvest, from 2016 to 2018 there will be a shortage of rubber supply.
The association of natural rubber producing countries (ANRPC) said last week that rubber production in the country's Association, which accounts for about 90% of the world's supply in 2016, is expected to grow by only $0.1%, compared with a year earlier, which is expected to grow by more than $4.1%.
"The factors driving the price increase include favorable fundamentals of supply and demand, a weak yen, a rebound in crude oil prices and a better outlook for the US economy," the association said。"