Q3 China HIIR Consumption Volume Decrease
HIIR is mainly applied in the production of tire inner liners, sidewalls, pharmaceutical stoppers, adhesives and sealant materials. The tire industry is the main downstream consumption field of IIR, and the operation of tire enterprises directly affects the HIIR consumption volume.
Poor Operating Rate at Tire Producers Restricted by Multiple Factors
In Q2, with the turning of tire market demand, the accumulation of all-steel tires and semi-steel tires inventory occurred. Some tire producers began to reduce their operating rate in May, and the operating rate at tire enterprises fluctuated at a low level in Q3. SCI holds that the main influencing factors are as follows. First, affected by external factors, some of China’s domestic tire enterprises stopped production sometimes. Second, the demand for tires was poor, and the inventory pressure was high, so producers control the production.
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