Recently, the deputy director of the Institute of Petroleum and Chemical Industry Planning Institute Bai Xie said that in the â€œTwelfth Five-Year Development Plan for Petrochemicals and Chemical Industryâ€, he said that in the field of synthetic rubber , specialty rubber has attracted more and more attention in recent years. In the future, the outlook for the specialty rubber market is generally better and has potential for development. Nitrile rubber, halogenated butyl rubber, ethylene propylene rubber, isoprene rubber, and chloroprene rubber of the butadiene route are key products for the synthetic rubber industry in the next few years.
The Ministry of Agriculture and Rural Development has just made a prediction that in 2012 China's rubber export volume will be expected to reach 930,000 tons, which is 50,000 tons higher than the previous forecast. The export amount is expected to reach 2.6 billion U.S. dollars.
According to the Ministry of Agriculture and Rural Development, in the first four months of 2012, Chinaâ€™s rubber exports continued to maintain its growth momentum. The export volume reached 258,000 tons, an increase of 30.4% year-on-year and foreign exchange earning of 754 million US dollars. At present, rubber sales are booming, rubber prices are on the rise, and global rubber sales demand is expected to continue to rise in the coming months. This is the main basis for the Ministry of Agriculture and Rural Development's forecast that China's rubber export volume is expected to reach 930,000 tons in 2012.
China's rubber exports to Malaysia, India, China and other markets continue to maintain a high growth rate. Rubber export prices are also increasing, specifically: The selling price of SVR3L rubber increased from 3,228 US$/ton in January to 3,760 US$/ton in April, an increase of 16.5%.
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