China NR Feedstock Market Characteristics
Recently, the supply of Chinese-made natural rubber became stable. In 2021, what characteristics did Yunnan and Hainan markets show? Would the demand from concentrated latex production be like that in 2020? How did the import of alternative plantation rubber develop?
In Hainan, the purchase price of field latex was relatively high. As of August 31, 2021, the purchase price of field latex in Hainan was RMB 12,300/mt, up 9.33% Y-O-Y. Therein, the highest purchase price was RMB 15,500/mt, and the lowest on was RMB 11,700/mt.
In 2021, the profit from concentrated latex gradually declined, and the latex production orders declined with the public health event being under control. However, the foaming industry also underperformed curbed by the sluggish tourist industry. Accordingly, the consumption of field latex from concentrated latex industry was not high. After the field latex output release became stable, the overall production at natural rubber plants performed well due to the favorable delivery profit. At the end of August, with the decline in feedstock cost, the production of concentrated latex gradually improved.
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