Ministry of Commerce: It is expected that rubber still has room to affect tire prices
From December 10 to 16, 2012, the price of domestic rubber in China rose by 0.3% from the previous week. Among them, the price of imported No. 3 cigarette rubber and domestic No. 1 standard rubber rose by 0.6% and 0.4% respectively from the previous week. The price of nitrile rubber and other varieties remained stable. According to industry estimates, this round of rubber prices will inevitably affect the price of tires .
The price of international natural rubber rose. Last week, Thailand's No. 3 Yankee rubber offshore price was 3070-3090 USD/ton, which was 3.4% higher than the end of November. At the same time, data from the National Bureau of Statistics shows that in November, 81.23 million tires were produced, a year-on-year increase of 6.9%.
Thailand and other major producing countries continue to reduce the export volume of natural rubber, and the market supply has weakened. It is expected that the short-term rubber prices will still have room for growth. Rubber as the main raw material for tire production, its price will inevitably lead to increased tire production costs, thus affecting the fluctuations in tire prices.
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