Sheets and rubber materials include butadiene rubber,EPDM rubber sheet,and natural rubber are bullish in the short term,but with the decline in crude oil prices,there is still no improvement in synthetic rubber,butadiene prices continue to fall,CNPC and Sinopec Butadiene are listed.The price has been lowered for 2 consecutive weeks,and it is expected that the price rise of synthetic rubber will be limited.
The industrial rubber sector is affected by the expected decline in rubber prices,and tire manufacturing companies that use rubber as raw materials will undoubtedly benefit.Therefore,Qiantian Tire A and Shuangqian shares have performed yesterday.However,due to the poor rubber prices,Thailand was unable to sit still,and it planned to join two other major rubber producing countries,Malaysia and Indonesia,to insure prices.As a result,A-share Hainan Rubber was also fired by market funds.
Some analysts said that once the three major rubber producing countries reached an agreement on export restrictions,it is expected to boost the price of natural rubber in the short term.Hainan Rubber(601118)of A shares will benefit,and the stock rose 5.73%yesterday.
Industry insiders said that the positive impact of the above energy cooperation on China is reflected in many aspects.
EPDM rubber is an extremely important raw material in the rubber product industry
Industrial rubber sheets,foamed EPDM sheets,and seals made of it are widely used in several fields that require aging resistance,water resistance,corrosion resistance,and electrical insulation,such as:sluices,bridge construction,rubber construction,and housing Leakproof,etc.
The demand for synthetic rubber downstream industry is strong,and China's synthetic rubber industry has developed rapidly.Since 2003,the compound rubber production has grown at a compound growth rate of 13.56%.In 2010,the output reached 3.1 million tons,a record high.By the end of 2011,China's synthetic rubber production capacity will reach 3.8 million.It will surpass the United States and become the world's largest producer of synthetic rubber.
