China's imports of natural products and synthetic rubber (including Latex) totaled 711,000 tons in November 2020, up 11.8 percent year-on-year, according to data released by the General Administration of Customs on Dec. 7.
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According to the China Reporting Hall, which monitors national production from January to December 2019, the synthetic rubber produced 738,000 tons in December 2019.
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At present, Yunnan Production areas have stopped cutting one after another, and raw material prices remain stable.
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In terms of production, the global production reduction of natural rubber in 2020 has become a foregone conclusion. This month, most of the rubber cutting in Yunnan has stopped, and most of the cutting in Hainan will also stop by the end of next month.
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China is a large number of car ownership, greater demand for rubber raw materials, there is still a large part of the need to import in recent period.
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Data updated on November 17 on the National Bureau of Statistics of the People's Republic of China website showed that China's output in synthetic rubber was 705,000 tons, up 15.8 percent year on year.
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In China, NBR price was 19,233Yuan/ton on the 11th November, up 0.70% from the previous day.
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Affected by the epidemic, new capacity for PVC production is limited this year. Most of the nearly 5 million tons per year of planned production has been delayed.
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The average price of ethylene CFR in Northeast Asia is US $780/ton or US $10/ton, while the average price of CFR in Southeast Asia is US $735/ton.
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