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The global supply of natural rubber in excess of the situation intensified
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According to the relevant information reported that the world's largest rubber consumer in China's economic downturn, exacerbated by the global supply of rubber, rubber industry in Japan into a bear market. Since June 1st, the Tokyo Commodity Exchange, rubber futures benchmark contract price has been reduced by 20%, has reached the standard of a bear market. As the stock market fell to affect consumer willingness, the Chinese Automobile Association last month to reduce the car sales is expected, the official announcement of the factory orders index fell more than expected on Monday, and the official data has reached the lowest value of five months.
The global oversupply of rubber will continue to increase with China's market weakness, while Thailand and Vietnam are still at low prices to continue to improve rubber production. Thailand, the largest rubber producing countries in the first half of the first half of 2015 increased by 1.3%, up to 1720000 tons, the third largest producer of goods in the first seven months of this year increased by 16%, reaching 530000 tons.
Earlier, the international rubber research organization IRSG has made a forecast that this year, the global supply of rubber will reach 303000 tons, revised its forecast of 77000 tons in January. This year the supply of rubber will increase by 4.4%, reaching 12600000 tons, rubber demand is expected to increase by 12300000 to 1.2% tons, an increase of 6.7%, significantly lower than last year. In addition, due to high prices of new planting rubber trees to mature period, 2016 rubber production may continue to grow by 2.9%, the oversupply situation is expected to will continue to increase.
This paper is from Shenzhen,, id=496?
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