The supply of rubber in the international market is completely controlled by a few countries such as Thailand, Malaysia and Indonesia. However, the United States and Japan, big rubber users, do not produce rubber, and their demand depends entirely on imports, so the price support for rubber is also obvious. As the second largest rubber importer in the world, China has a direct impact on the international rubber price.
2. International market transactions
Rubber has become a typical tropical commodity futures product in the world, occupying a certain share in the futures trading in the Far East and Southeast Asia. The main companies engaged in rubber futures trading are TOCOM, Kobe Rubber Exchange, RAS Commodity Exchange and KLCE.
Among them, the transactions in Tokyo and Singapore have the greatest influence, which can reflect the basic trend of the world rubber market because of their large market share.
3. Impact of international rubber agreements
The international rubber agreement signed by INRO member countries will also have an important impact on the price trend of the rubber market.
4. Production and consumption in china rubber
The quantity and cost of production in china rubber are directly related to the price of domestic rubber market. At the same time, the change of domestic rubber usage and the ability of processing enterprises to accept rubber prices also affect the price level of rubber.
5. china rubber's import policy and tax rate level
After China's entry into WTO, the rubber tariff was reduced to 5% before 2004, zero before 2006, and the import quota was abolished in 2005.
6. Production and application of synthetic rubber
Including the market situation of crude oil, the upstream products of synthetic rubber, rubber and synthetic rubber can replace each other in some products, so when the supply of rubber is tight or the price tends to rise, the consumption of synthetic rubber will increase, and their market positions are complementary.
In addition, because synthetic rubber is a petrochemical product, the price of oil will affect the price level of synthetic rubber, and the change of synthetic rubber price level will affect the demand for rubber, which can not be ignored.
There are not only the above factors that affect the price of rubber futures. Such as the development of rubber industry, natural factors, political factors and so on. The price of rubber futures fluctuates greatly, so citizens need to make a detailed analysis of the price chart of rubber futures before investing.