Rising rubber prices cause tire prices to rise

Followed by the changes in the market of rubber. There are many areas this year, the prices of products are rising, and the chemical industry is no exception. The price of rubber is particularly prominent. From the beginning of the year to now, the price of natural rubber has risen. Both the spot and futures prices have reached historical highs. . As an important chemical raw material, what impact does rubber price increase have on related industries? Let's look at the reporter's investigation. The rise in rubber prices, the first to be affected is the price of tires. The reporter learned from Zhejiang Auto Parts City that recently many brand tires have different price increases. Dong Jiahang, a business manager of a tire company in Zhejiang Auto Parts City, said: "Large-sized, suitable for some high-end cars, more than a million models on the Mina, tire prices have some fluctuations, similar to the fluctuations of 8-10 points, common common There may be only two or three points in terms of specifications. "Year of the year, tires have experienced three collective price increases. The first time it occurred during the "replacement tire" period of inertia after the Spring Festival, the second occurred in July, and now it is the third time. In the end what causes the tire to raise prices again and again? This reporter learned that, early this year, the price of dry rubber spot is still a ton of 20,000 yuan, and now has risen to 25,000 yuan per ton, or up to 25%. However, Shen Jinrong told reporters that considering the acceptance of the terminal market, they would only dare to increase the price by five percentage points. While ensuring that the quality of products and the interests of employees remain the same, they are striving to ensure that the prices of their products are relatively stable by reducing internal energy consumption and reducing operational management costs. In the futures market, due to the impact of the European debt crisis in April, rubber fell to 19,000 yuan per ton, and it has been oscillating up since then.

Who is the promoter behind the tire price increase?

Tire prices are due to rubber prices, corporate costs, then what factors led to the rise in rubber prices? Before this, there was a rumors in the market that the rise in rubber prices this year was due to a dry climate that caused production losses in major rubber producing areas such as Yunnan and Hainan. However, our reporter found that after investigation, this year's rubber production is not affected by the climate, rubber prices are rising for another reason. Continue to look at the survey. Hainan Natural Rubber Group has the largest natural rubber production base in China. The area of ​​rubber gardens and dry glue production account for about 30% of the country respectively. The person in charge of the group said that from April to December every year, rubber tapping period and drought in a certain month cannot affect the total output of rubber. Since the output of rubber has not been significantly reduced due to climate change, what causes this year's rubber prices to rise all the way? According to Shen Jinrong, chairman of Zhongce Rubber Co., Ltd., the simultaneous recovery of domestic and foreign market demand is the most important reason for the rise in rubber prices. Shen Jinrong believes that with the overall global rubber production unchanged, demand-driven price increases are justified. In the view of futures analyst Liu Yichao, the recent rise in rubber prices is ample capital flow in the futures market, which has pushed up the price of the spot market.

For commodities, the relationship between supply and demand is the core driving force for price increases, and it is also the most reliable driving force. However, in this round of rubber price hikes, we have seen that demand is not the only factor driving the rise in rubber prices, and that external factors such as the flow of funds in the futures market have a very large impact. Therefore, people in the industry also reminded investors that this round of rubber price hikes is not firmly rooted, and there are huge market risks hidden behind, and investors should be very cautious.