Demand for China's natural rubber may decline next year

According to Bloomberg News, a senior executive of Japan’s Gangdi Co., Ltd. said that in view of the slowdown in China’s auto sales growth, China’s natural rubber demand and prices will decline next year, and another major reason for the decline in demand for natural rubber is the synthesis. The use of rubber.

Gottland Co., Ltd. of China said that as the economic situation in both developing and developed countries is weakening, more and more people are worried about the global economic situation next year. Okada Co., Ltd. is the largest rubber contract broker in the Tokyo Commodity Exchange.

The OECD of the Organisation for Economic Co-operation and Development forecasts that China’s GDP growth will increase by 8.5% next year, the lowest increase in 11 years. According to the China Association of Automobile Manufacturers, the increase in China’s auto sales next year is likely to record the lowest increase in 13 years.

According to industry insiders, the major problems faced by Chinese tire manufacturers are declining sales volume, overcapacity, and low prices. This problem can only be resolved when the overall economic environment in China and the automotive market have improved.