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Strong sharp rise in global consumption Jiaojia

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In the oil boom and rubber stocks continued to decline under the influence, in recent days, international natural rubber prices a sharp rally. Analysts said the strong downstream consumption, stock exchanges greatly reduced, making the market for the supply anxiety.

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It is understood that the current induced by tight inventory is an important factor in the rising Jiaojia. According to the Shanghai Futures Exchange, latest data, as of May 23, the domestic rubber stocks at 25,200 tons, of which 17,680 tons warehouse receipts, futures, respectively over the previous week 10,060 tons and 10,965 tons, fell within a week up to 30% and 38, respectively, %, While nearly two months, the period has reduced the inventory by about 7 million tons. In addition, natural rubber stocks also appeared to reduce the current inventory of about 10,000 tons a year earlier fell by nearly 35%.

Zhang Bing, an analyst at China International Futures, said plastic plate inside and outside the historic city of stocks is relatively low with the Department, a substantial reduction of inventory every week, especially Hujiao decline at an alarming rate, while the stock is now only more than 20,000 tons, was less than two The amount of one month’s use of plastic manufacturers.

Lin Hui, head of futures research also indicated that the domestic stock plastic digest quickly, indicating that the tight supply situation of the market, which opened with the new plastic consumer cut delays and strong on the spot.

According to reports, has entered into in June, marked the spot volume relative to the 4,5 month plastic surge downstream procurement is very positive, especially as represented by the tire manufacturer downstream demand is very strong. But at the same supply conditions have occurred due to rainfall in major producing countries hampered production of rubber, and tapping the domestic extension of two Reclamation, causing a serious shortage of cash resources. Traditional tapping season, spot Jiaojia soaring.

According to recently released Chinese customs data, China’s imports of natural rubber in June 139,273 tons, representing an increase of 13% over the same period last year. January-May imports of natural rubber, 628,296 tons in China, representing an increase of 26% over the same period last year. The main rubber producing countries, according to Thai Customs of recent data, from January to April 2008, Thai exports of natural rubber, 973,254 tons, an increase of only 1.1%, and showed a decreasing trend from month to month, of which exports 210,976 tons in April, well below the January Level of 285,172 tons.