Shanghai's natural rubber inventory plummets, demand rises

China is a country with a large car ownership and has a large demand for rubber raw materials, and there is still a large part to be imported. In the recent stage, driven by the continued recovery of the automobile market, my country's tire supporting market has performed well.

The 21st National Rubber Industry Information Conference will be held from 24th to 26th of this month to introduce the development status of my country's rubber industry, the "14th Five-Year Plan" goals, and the corresponding measures to achieve the goals. It is reported that the "Outline of the "14th Five-Year" Development Plan for the Rubber Industry" will be officially released at that time, covering policy support and guidelines for 16 sub-industries.

China is a country with a large car ownership and has a large demand for rubber raw materials. At present, there is still a large part to be imported. In the recent stage, driven by the continued recovery of the automobile market, my country's tire supporting market has performed well.

In addition, the Shanghai Futures Exchange recently announced the bulk commodity inventory for the week ending November 20. Natural rubber stocks were 142,000 tons, a month-on-month decrease of 119,000 tons, or 45%.

As for related companies, the rubber section shows:

Hainan Rubber: China's natural rubber industry leader, with 3.41 million acres of rubber plantation (the first in the country), 20 rubber base branches, 24 rubber processing plants, and an initial processing capacity of about 500,000 tons.

Sinochem International: The chemical division platform of Sinochem Group, with the fine chemical industry as the core, covering natural rubber, trade and distribution and other international business operations, a state-owned holding listed company.