Chinese Synthetic Rubber Prices Continue Sway at High Levels in 2011

 According to some data, except Neoprene rubber price slightly slipped, all other synthetic rubber prices, which include SBR, NBR, EPDM, Hypalon rubber, etc, have hiked in the past 2010. And WestMoonint predicts synthetic rubber prices will continue to sway at high levels in Chinese market in 2011.

The synthetic rubber prices are hiking in Chinese market, mainly due to the high price of natural rubber, crude oil hiking and huge market demand, WestMoonint marketing manager, King Yazer said. And he added, “The skyrocketing natural rubber prices made some auto tyre manufacturers to purchase synthetic rubber products as replacement, to some extent, which cased the synthetic rubber hiking at the end of the second half of 2010.” At the latter half of past year the natural rubber has hiked at 3, 9000.00RMB/ MT (4999.00USD/MT), which was a huge manufacturing cost for some tyre manufacturers.

In addition that Chinese blooming automotive industry made an important role in keeping the synthetic rubber prices increasing standard. According to some data issued by Chinese automotive industry organization, there were 18.2647 million motor vehicle manufactured in China and 18.0619 million automotives having been sell in Chinese market, a increasing of 32.44% and 32.37% separately year-on-year.

Therefore, Chinese synthetic rubber prices will continue to hike, mainly because of Chinese enormous automotive industry demand.

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