2016 E-News NO.10

News Express 
▲National Development and Reform Commission released the report on the economic performance of the chemical industry during August, indicating a 6 % increase in industry added value but a 4.4 % drop in growth rate. Among the major products, the output of rubber tires increased by 10.2% to 620,010,000 units; the output of synthetic rubber increased by 12.8% to 3,520,000 tons.
▲Tire export in August 2016 reached 44,980,000 units with a 19.6% year-on-year growth. Export growth has slowed and stabilized. Export to the United States in 2016 saw the biggest drop by 30% compared with last year. Export to Iran, Canada and Kazakhstan also dropped, whereas the European market has done great with big growth in Britain and Germany. Export to Brazil and Saudi Arabia increased by 101.1% and 82.9% respectively. 
▲Rubber inventory of Qingdao Free Trade Zone totaled 104,000 tons by the middle of September, a decrease of 13,000 tons compared with August. NR inventory dropped by 14.47% to 65,000 tons, whereas SR dropped by 8.33% to 33,000 tons.
▲Sailun Jinyu Group has finished phase I construction of the tire production base in Vietnam with investment of 300 million USD and annual production capacity of 7.8 million units of semi-steel tires and 15,000 tons of radial OTR tire.
▲Vehicles population of China by the end of 2015 had reached 279 million, including 172 million cars. Vehicle drivers reached 327 million, including 280 million car drivers. 40 cities in China have a car ownership of more than 1 million. 11 cities including Beijing, Chongqing, Tianjin, Chengdu, Shenzhen, Shanghai, Guangzhou, Xi’an, Hangzhou, Suzhou and Zhengzhou have a car ownership of more than 2 million. 
▲RubberTech China 2016 and Reifen China 2016 are going to be held in Shanghai New International Expo Centre from December 1 to 3, 2016. Exhibition area hit the highest level ever with 50,000 square meters. Over 700 exhibitors from more than 30 countries and regions will attend the shows. 30,000 professional visitors are expected to visit. Concurrent activities, RubberTech Forum 2016, Intelligent Manufacturing Solutions and Green Tire Manufacturing Conference shall be held in association with the exhibition.

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