New resources continue to grow slightly According to statistics, in November, the country's new rubber resources amounted to approximately 430,000 tons, an increase of 3.1% from the previous month and an increase of 8.2% year-on-year. From January to November, the total amount of new rubber resources in the country was about 4.28 million tons, an increase of 5.3%, which continued to show a slight increase.
In the composition of new rubber resources in November, natural rubber was 195,000 tons, a slight increase from the previous month and an increase of 2.6% year-on-year; synthetic rubber was 238,000 tons, an increase of 3.5% from the previous month. Increased by 13.2%.
In November, the domestic production areas have entered the production off-season and natural rubber has gradually decreased. Estimated that the country's natural rubber production in the month was around 55,000 tons, a decrease from the same period last year. From January to November, the output of natural rubber was approximately 555,000 tons, slightly lower than the level of the previous year. In November, the increase in the output of synthetic rubber increased. According to statistics, in November this year, the national output of synthetic rubber was 149,000 tons, an increase of 6.3% from the previous month and a year-on-year increase of 19.5%, an increase of 10%. From January to November, the output of synthetic rubber was 1.48 million tons, an increase of 10.5%.
In November, rubber imports increased slightly. According to customs statistics, in November, the country imported 229,000 tons of various types of rubber, an increase of 6.3% year-on-year, and the rate of increase has dropped more than last month, restoring a slight increase this year. In the composition of rubber imports, the import of natural rubber was 140,000 tons in November, an increase of 20,000 tons from the previous month and an increase of 7.7% year-on-year. The import of synthetic rubber was 89,000 tons, a slight decrease from the previous month and an increase of 4% year-on-year. From January to November, total imports of natural rubber were 1.25 million tons, up 8.4% year-on-year; imported synthetic rubber was 0.998 million tons, down 0.5% year-on-year.
The level of consumption has improved After entering November, the rapid economic growth in China remains the same. National industrial added value increased by 16.6% year-on-year. Among the major rubber products, in November, the country’s tire production (including all kinds of tires, the same below) was 29.54 million, an increase of 10.8% from the previous month and an increase of 34.9% year-on-year, and the output level continued to increase, setting a record high. From January to November, tire production reached 27792 million, an increase of 28.9%. It is expected that the annual output will not exceed 300 million mark.
With the strong growth in the output of rubber products, the level of domestic rubber consumption has increased. According to calculations, the consumption of all kinds of rubber in the country in November was not less than 500,000 tons, an increase of more than 15% over the same period of last year. From January to November, the total rubber consumption reached 4.5 million tons.
Judging from the above two aspects, the new rubber resources for statistical purposes in October this year continued to be less than the consumption, and the overall supply and demand relationship remained tight, but due to the supply of other channels, the rubber processing industry was still satisfied. Usage requirements.
High market price fluctuations After the previous price correction, natural rubber prices rebounded due to strong demand support, and the market conditions fluctuated at high levels. Synthetic rubber prices were weak due to the increase in supply. According to data from the Ministry of Commerce's important production materials market monitoring system, in November, the average price of natural rubber SCR5 in key monitored areas in the country was approximately 17,216 yuan (ton price, the same below), and the high operating pattern continued; the average price of rosin-based styrene-butadiene rubber About 14,230 yuan, the average price of butadiene rubber is about 14,675 yuan, both significantly down from the previous month.
Futures market continues to call back. According to the calculation of the relevant data, by the end of November this year, the average settlement price of the three-month contract on the Shanghai Futures Exchange was 16,888 yuan, which was 2.6% lower than that at the end of last month, and the fall rate accelerated.
After entering November, the output of domestic tires and other rubber products hit new highs, resulting in an increase in the level of rubber consumption. In the same period, resources continued to grow slightly, and the supply and demand relationship in the market turned to tighter again. Affected by this, some rubber prices rebounded and market prices fluctuated at high levels.