2018-E-NEWS NO.01

News Express :

According to the General Administration of Customs of China, NR and SR (including latex) imports of December 2017 reached 840,000 tons, increasing by 25.4% compared with last month and 15.1% compared with last year. In 2017, China imported 7,160,000 tons of rubber, increasing by 23.2% compared with last year. In November 2017, Chine SR output increased by 16.2% compared with last year. From January to November, SR output reached 5,360,000 tons, increasing by 3.8% compared with last year.

China's tire industry has developed rapidly and its market share has been increasing. Date from the ‘Report on Market Demand Forecast and Investment Strategy of Tire Industry’ showed that from January to November 2017, the output of tire reached 869,555,000 units, increasing by 6.3% compared with last year. The production of 2017 reached nearly 900,000,000 units, increasing by 6.87% compared with last year. Today, China has become the world's largest consumer of tires and the largest producer and exporter of tires. After 2010, China's auto market entered a period of stable development, and auto production increased steadily. In 2016, China's automobile output reached 28,190,000 units, and the compound growth rate was 8% in 2011-2016. China's car ownership has grown from less than 50,000,000 units in 2016 to 194,000,000 units in 2016, with a compound annual growth rate of 14.55 percent. In the first half of 2017, car ownership reached more than 200,000,000 cars in China, and there is a vast space for the replacement of tires.

According to China Association of Automobile Manufacturers(CAAM), in 2017, vehicles exported reached 891,000 units, increasing by 25.8% compared with last year. The exports showed a rapid growth, and this is also the growth after four years of decline. Among them, the exports of passenger cars reached 639,000 units, increasing by 34% compared with last year; commercial vehicles reached 252,000 units, decreasing by 8.9% compared with last year. In 2017, the total sales of Chinese brand passenger vehicles totaled 108,467,000 units, increasing by 3.02% compared with last year. It accounted for 43.88% of the total sales of passenger vehicles, increasing by 0.69% compared with last year. In 2017, the output and sales of new energy vehicles closed to 800,000 units, reaching 794,000 units and 777,000 units respectively, increasing by 53.8% and 53.3%. The growth rate of production and sales increased by 2.1% and 0.3%. In 2017, the market for new energy vehicles accounted for 2.7%, increasing by 0.9% compared with last year.

The tire world website has found that more than 150 companies in the chemical industry of Shenzhen and Shanghai have announced their 2017 earnings forecasts. Among them, nearly 80 % of enterprises reported happiness. A number of tire related chemical industry, 2017 annual performance is relatively good. The carbon black industry is typical. From January to November 2017, Jiangxi Black Cat Carbon Black Inc., Ltd. expects to net profit of 480,000,000 RMB to 520,000,000 RMB, increasing 409.91% to 452.4% compared with last year. About 70% of the rubber fertilizer industry is used in tire production.

The demand growth in the downstream of the rubber industry is weak, supply and demand contradiction in the industry as a whole presented greater demand. The rubber industry chain consists of rubber production and rubber manufacturing. The synthetic rubber supply in rubber production has entered the surplus stage.

In 2017, a scientific research technique, jointly completed by Hainan Rubber Group and Beijing university of chemical technology, can significantly improve the life of existing tire products. The industrialization identification of this technology will be held in Haikou by the key technology of NCR industrialization. Xue Qunji, Shu Xingtian, and Sai Cigao, who are three academicians of the Chinese academy of engineering and the rubber elastomer industry experts, constitute the expert evaluation committee.

India's ministry of commerce has decided to extend anti-dumping duties on promoter MOR, PX13, and EU's phenylenediamine antioxidant for five years. The anti-dumping duty has been levied since 2011, along with rubber additives TDQ and MBTS.

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