Industry News

Currently, Rubber market trend goes down. In March, natural rubber drop up -14.16% and NBR nitrile rubber fall about 10%.

Firstly, China Tyre enterprises has returned to work , but recently in Europe and America market almost suspend, which had a strong impact on downstream orders and hindered the export of tyres for company in China.

Secondly, the current international oil slump has a impact on the commodities in its chemical industrial chain, and the decline in the cost of butadiene and synthetic rubber as a result of the decline in crude oil has led to a drop in the cost of Butadiene, the slump in the natural rubber market has been exacerbated by the fact that some synthetic rubber can replace natural rubber in Tyre factory production.

In terms of raw materials, Crude oi is plunging since mid February, has already fallen below the cost line of Shale oil in the United States, and now it has also fallen to the cost line of crude oil in Russia. There is little chance that it will fall again, it is expected that the negative impact of the late cost on the rubber and plastic market will gradually weaken.