According to the latest report of the Natural Rubber Producing Countries Association (ANRPC), rubber production in Thailand and Vietnam in August 2016 was 410,000 tons and 105,000 tons, respectively, down 5.2 and 4.5 percentage points from the same period of last year. Jin Jiuyin 10 is the peak season for the start-up of the tires and automobile industry. The purchase of raw materials is usually advanced. Although the peak season for tapping rubber is at the moment, the amount of glue produced has declined, and Hanjin Shipping has suddenly declared bankruptcy. This has caused a shortage of supply in the overall market. The situation.
Hanjin Shipping Hanjin Shipping

The legal person pointed out that after Hanjin Shipping declared bankruptcy, the scope of influence also spread to the rubber tire industry. Industry sources pointed out that the external transport situation of the rubber producing countries is turbulent, especially in the Asian shipping industry. Since the main producing countries in Southeast Asia are all facing the sea, the vast majority of rubber exports are based on low-cost shipping. Instead of being airlifted, after the Hanjin incident, it not only stimulated the increase in freight rates, but also caused an increase in capacity, cargo loading, and cargo unloading.

In addition, the third season was the annual peak season for the main producing areas such as Thailand and Vietnam, but due to an extreme drought and rainy weather in the third quarter, the output was affected, and Thailand’s rainfall since August was higher than in previous years and historically the same period. Affecting the tapping work, resulting in the acquisition of raw materials plastic processing plant is difficult, resulting in insufficient output.

According to the latest report of the Rubber Producing Countries Association, the rubber production in Thailand and Vietnam in August was 410,000 tons and 105,000 tons, respectively, 5.2% and 4.5% year-on-year reduction. However, Indonesia and Malay, which did not cut production, had almost no growth in monthly increments. .

The price of rubber directly affects the price of tires. When tires enter the peak season, they are in tight supply of rubber. The price of rubber will surely increase. At the same time, tire prices will certainly rise.

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