The latest data shows that since the beginning of 20 15, the prices of natural rubber, cis-polybutadiene rubber and styrene-butadiene rubber have increased by 12.5%,1.5% and 6.8% respectively. In the first quarter of this year, prices in china rubber generally rose. Analyze the reasons from the following aspects.

First of all, the recent rise in crude oil prices has pushed up the price of butadiene, the raw material of synthetic rubber. Therefore, the rise of the upstream butadiene raw material price will push up the price of synthetic rubber, and will also drive up the price of natural rubber.

Secondly, from the perspective of rubber production cycle, the first quarter is the off-season of rubber production, and the supply has been limited. In addition, due to the serious impact of abnormal weather this year, rubber production areas have reduced production in a large area, and rubber prices will also rise because of psychological expectations. According to related news, due to the drought, the main rubber areas in Yunnan and Hainan are expected to reduce production by about 20,000 tons, accounting for 40,000 tons.

Thirdly, in the capital market, rubber products have always been the focus of speculation. Coupled with the expectation that drought will reduce production, some futures traders' speculation on rubber will also push up rubber prices.

In addition, according to the Report on Industry Investment Analysis and Forecast of china rubber in 20 10-20 15 released by CIC, 65%-80% of natural rubber in China is used to manufacture tires, and the automobile industry will recover strongly in the first quarter, and the demand for tires will increase.