Rubber prices are expected to continue to rise in the future. Mainly due to: 1) we judge, substantial future growth of natural rubber supply will not be short-term, because the summer in major producing countries in Southeast Asia suffered extreme weather alternating, rubber production growth slowed down in 2016; in the long term, in tapping rubber farmers enthusiasm improve and new open cut area accounted for relatively small based on the total amount of natural rubber will not appear in 2017 a future car sales growth; 2) and tires to the downstream demand is expected to continue to lead to tight supply and demand of natural rubber. The current domestic rubber price is close to 17000 yuan / ton, the price of natural rubber has exceeded 1800 U.S. dollars / ton, is expected by the end of the domestic rubber price high is expected to reach 20000 yuan / ton, the price of natural rubber is expected to exceed $2000 / ton.
Rubber prices are expected to continue to rise
Source: public information
Global rubber supply and demand gap (unit: ton)
Source: public information