By high inventories and traders Paohuo pressure, the 13th Hujiao main contract fell 3 percent, the lowest level in nearly four years. And rubber products to benefit from raw material prices, gross margin continued to improve. Market expects a substantial increase in Thailand, Indonesia and other countries rubber planting area, have moved into the tapping of natural rubber supply will remain abundant, rubber boom is expected to continue.
The chemical industry by capacity expansion in recent years, the overall decline in earnings into the channel. According to SWS industry classification, 239 listed chemical companies, the current disclosure has been 128 2013 results notice, which pre-hi is 78, accounting for 61%. Overall, the macroeconomic slowdown and the recent capacity expansion drag, drop in the profitability of the chemical industry trend, and in part by demand and supply capacity compression leads to a reversal sub-sectors, better profitability, mainly concentrated in the rubber, dye Representative chemicals, chemical represented spandex fibers, and glyphosate, paraquat typical pesticides plate.
Integrated production capacity and demand situation, chemicals production capacity of still need to go a long time, but some varieties subdivision compression leads to improved productivity by supply and demand, or result in product gross margin decline in value of raw materials has become an important factor in the degree of improvement in the economy; In raw rubber which continued decline in value, driven by gross margin can be expected to improve.
Data show that the world's natural rubber plantation in Thailand as a big country, and in 2003 the newly planted area of 32.9 million hectares in 2008 to nearly ten times magnified this data, the new acreage up to 221.2 hectares. Natural rubber planting cycle is generally 5-8 years, after mature gum tapping cycle up to 30 years. As the new supply continued to increase since 2011 rubber prices continued to fall, with an average decline of more than 60% of the domestic market.
In addition, synthetic rubber production capacity is also growing rapidly, China Rubber Industry Association released the industry planning that 2015 domestic demand was 4.695 million tons of synthetic rubber, and the production capacity will reach 6.4 million tons, significant overcapacity, synthetic rubber prices The continuing weakness.
In the case of natural rubber, synthetic rubber, a substantial excess production capacity, profits are to rubber products, tires and other industry chain downstream concentration, while relatively rigid end demand, making the middle and lower reaches of the industrial chain in product gross margin levels continue to rise, the relevant the company also received substantial increase in performance.
Currently there are a number of listed companies engaged in the trade of rubber conveyor belts and production. Information from related companies, rubber typically accounts for 30% of the cost of rubber conveyor belt, as raw material prices dropped significantly, while the conveyor prices relatively stable gross margin is expected to make a significant increase. In addition, some engaged in the production of high-grade agricultural machinery company, has successfully developed a number of import substitution varieties. With the background of China to accelerate construction of new farming systems, large-scale application of agricultural machinery is expected to commence on related companies significantly positive.
