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2014 China Rubber annual conference and China rubber industry exhibition were held in Qingdao

On March 26, 2014 China Rubber annual conference and China Rubber Industry Exhibition, the world's largest and most professional rubber industry conference hosted by China Rubber Industry Association, was held in Qingdao. Nearly 1000 representatives from the rubber industry at home and abroad attended the meeting.

Focusing on the theme of "technological innovation, environmental protection and energy conservation, brand building, restructuring and transformation", experts at home and abroad conducted in-depth analysis and elaboration on the macroeconomic situation at home and abroad, the economic operation of the rubber industry, the strategy of strengthening China's rubber industry, the price trend of natural rubber market, the global rubber supply and demand situation, and the import and export of rubber products.

China's rubber consumption increased by about 10% in 2014

At the 2014 China Rubber annual meeting held by China Rubber Industry Association in Qingdao, Deng Yali, President of China Rubber Industry Association, predicted that the growth rate of China's rubber consumption in 2014 may be lower than that of the previous year, and the national rubber consumption is expected to increase by about 10% to more than 9 million tons. Among them, natural rubber increased by about 14%, about 4.8 million tons; Synthetic rubber increased by about 5%, about 4.3 million tons.

In 2013, China's rubber consumption was 8.3 million tons, an increase of 13.7% over the previous year. Among them, 4.2 million tons of natural rubber, an increase of 21.7%; Synthetic rubber 4.1 million tons, an increase of 6.49%.

In 2014, the oversupply of natural rubber market may still exist. By the middle of January 2014, the rubber inventory in Qingdao free trade zone had exceeded 300000 tons again, an increase of 4.7% over the end of 2013; Coupled with the inventory of main production areas and rubber processing enterprises, the total social inventory is at a historically high level, and the weakness of rubber price will still exist. However, rubber prices have fallen for three consecutive years, with a decline of more than 50%. At present, the market price is close to the production cost, and there is limited room for further decline. It is expected that the decline will narrow in 2014.

Deng Yali believes that the continuous downturn in the price of natural rubber is not conducive to the rubber products industry. Only by creating a reasonable upstream and downstream price industrial chain is the path to achieve common sustainable development.