Shandong: Rubber and Tire Data Statistics

The export volume of tires (new pneumatic rubber tires) in Shandong from January to April totaled 869.4kt, up 10.4% Y-O-Y. The total export value was 12.919 billion RMB, up 11.9% Y-O-Y.

The total import volume of synthetic rubber (including latex) was 334.2kt, up 12.8% Y-O-Y. The import value was 3.469 billion RMB, down 18.8% Y-O-Y.

The total import volume of natural rubber (including latex) was 240.6kt, down 35.7% Y-O-Y. The import value was 2.288 billion RMB, down 55.1% Y-O-Y.

The largest export destinations were the U.S. (40.669 billion RMB), EU (34.012 billion RMB) and ASEAN (25.396 billion RMB).

The inventory at Qingdao bonded zone greatly went down. On May 4, the total inventory was 183.4kt, 27.85% lower than the peak in March. Hereinto, the inventory of natural rubber was 73.7kt, 46.2% lower than the peak in 2018. That of synthetic rubber also started to fall slowly.