Shuanghu Production Base, Daxin Town,
Jimo District, Qingdao City, Shandong Province, China
Since October, the price of rubber has risen steadily, exceeding the high figure of 28000 in the world financial crisis in 2008. The highest price of rubber futures on November 5 has reached 34150 yuan/T. The average increase is 112.5% based on the price of 16,000 yuan/T in November last year. The price of 27,000 yuan/T at the beginning of October this year has also risen 26.5%. What on earth is the reason why the price of rubber is soaring like gold, so high today? Today, let's analyze one of the reasons. Look at the price of rubber in the future, I think. We mainly analyze the following reasons.
$1 continued to weaken: due to the impact of the worldwide financial crisis, the unemployment rate in the United States has remained high since 2008, coupled with the declining market control of the United States Government over the financial crisis, the various easing government led to the continued weakening of the dollar this year. Exchange markets were also breathing through the 2008 financial crisis. It's been a long way up until now that we have a little rest. In early November, the Federal Reserve reached an agreement with the U.S. government that the Federal Reserve would buy $600 billion of Treasury bonds by the end of the second quarter of 2011, equivalent to $75 billion a month to stimulate the acceleration of the U.S. economic recovery. The move by the Federal Reserve is considered to be the second round of quantitative easing monetary policy in the United States. The so-called quantitative easing monetary policy means that the United States will start printing 600 billion dollars more money to continue the rapid depreciation of the dollar, in order to stimulate exports and increase employment in the short term. The continued depreciation of the US dollar will also lead to a rise in the price of bulk commodities denominated in US dollars. In this economic environment, rubber, as a leading resource raw material, will inevitably rise in price. It also caused the situation that rubber is as expensive as gold today.
2 rubber supply-demand relationship: the economic recovery in 2009 led to the rapid development of China's automobile industry. It is estimated that by the end of 2010, China's highway will reach 5.05 million kilometers, the annual output of automobiles will reach 10 million, and the car ownership will reach 62 million. Such a huge automobile market as rubber tires will also reach 300 million tires a year. With the development of automobile industry, the tire manufacturing enterprises with large rubber users ushered in the spring of development, and the domestic demand for rubber increased. But what about the supply of rubber? In October this year, due to the impact of typhoon, rubber production in Hainan and other areas of China decreased by about 30,000 to 50,000 tons, accounting for 10-15% of the annual output. Domestic rubber is not the main source of domestic rubber, but the news of this reduction has caused domestic rubber prices to rise. Although Indonesia's rubber production has returned to the top of the world this year and its export volume has increased slightly compared with the same period last year, it is far behind the development speed of the world's automobile industry. Recently, due to natural disasters, Indonesia's rubber industry was also hit hard, resulting in a limited supply of rubber. These reasons also lead to the recent trend of rubber prices rising, rubber prices continue to decline.
three major capital speculation: in April this year, our country dumped 100,000 tons of rubber, which made the price of rubber calm in May and June. Natural rubber exporters'restrictions on rubber exports, natural disasters led to the reduction of local production of natural rubber, which led to large-scale capital speculation on rubber prices.
& 4 Through the comparison of warehouse receipts on the Shanghai Stock Exchange on Nov. 5, it is not difficult to find the gap between multi-empty positions. The direction of large-stock funds is more than empty receipts. Large-stock funds will not be sold for the second time this year in the State Reserve Bureau of gambling, which is also one of the main reasons for the high price of rubber.
to sum up, the recent trend of rubber prices is still to sprint to new highs, laying a high price platform for the coming era of Tianjiao. This also makes the rubber products industry face enormous challenges, is a new round of shuffling of the rubber processing industry, in the case of high prices, there will inevitably be some small and medium-sized enterprises can not afford the market situation of oversupply and fall. At the same time, it will make the rubber industry move towards a better new development situation. At the same time, we welcome you to purchase all kinds of high quality conveyor belts and conveyor products produced by Qingdao Shuanghu.