Fan Rende, president of the China Rubber Industry Association, said in an exclusive interview with reporters that it proposed to implement zero tariff on rubber imports and support domestic enterprises to go abroad to develop natural rubber. At the same time, he also called for the removal of tire export tariffs.
He said that in order to deal with the rise in the price of natural rubber, many tire companies went abroad to grow natural rubber, but the tariffs at the time of import basically did not enjoy preferential policies. Most countries import zero-tariff natural rubber, but China has always imposed relatively high tariffs.
It is understood that the price of natural rubber has risen sharply since the second half of last year and has now exceeded US$3,000/tonne. Tire companies face cost pressures. Last year, raw material prices dropped sharply. The tire industry's profit margin reached 5%, exceeding the normal 3%.
According to the prediction of the China Rubber Industry Association and the prediction of the International Rubber Research Organization, the supply and demand of natural rubber are basically balanced. The rise in natural rubber prices is mainly speculation in speculation.
China's natural rubber production has remained around 600,000 tons in recent years. 70% of natural rubber depends on imports.
In addition, the Rubber Industry Association will introduce new industrial policies for rubber products this year. The document specifies the technical route, technological equipment, energy conservation, consumption reduction, and circular economy. The draft continues to solicit opinions.
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