Rabbit New Year's Eve, the Chinese tire industry giants gathered in the seven tires in Beijing China Rubber Industry Association, into a "start more thanks to the more" difficult situation of the tire business, in Beijing, the tire industry with the signing of a joint "for help book. "

    "Save the tire industry, regulation and control of natural rubber prices have hit the report of the State Council, now the approval of relevant departments such as the" China Petroleum and Chemical Industry Association, the relevant responsible person said, and according to "China Business" report, report China Petroleum and Chemical Industry Association by the relevant members of the development, the objective is to hot by the government to the current price of natural rubber "cool down" to save the line between life at the edge of the tire industry.

    Crazy natural rubber

    February 9, Guizhou Tyre Co., Ltd. part of the tire production line and did not start at the same time, domestic tire companies have chosen to continue after the end of the Spring Festival holidays, extended return to work.

    This is the tire industry to one of the measures taken to save themselves, the use of the Spring Festival holiday extend the cut-off time for tire companies to reduce the amount of natural rubber, lower raw material costs. "It is more loss of more starts, natural rubber prices high so that enterprises simply can not stand, the price trend has been completely detached from the fundamentals, years ago that natural rubber 3 yuan / ton price is to not, just over two months is now close to 43,000 yuan, "and the original researcher Galaxy Jing said rubber futures. Crazy car sales in 2010 also contributed to the price of natural rubber all the way to skyrocket, according to statistics the U.S. General Motors and Chrysler in 2010 vehicle sales growth above 20%.

    "The Chinese New Year, seven years ago, the tire business in accordance with the agreed, may be two weeks before a holiday, then look under the natural rubber prices to decide when to start the situation," the Office of Hangzhou Zhongce Rubber Co., Ltd. Mr. Shen said.

    Less than a year the price doubled, and this is now the crazy prices of natural rubber. February 9, 2011, a record high of 43,500 yuan Hujiao rush, while in the previous year, in June 2010, Hujiao the price is only 2 million line. February 10, the central bank announced the rate hike, the Shanghai and Shenzhen index fell, but still strong Hujiao prices hit record highs, closing 1105 Hujiao main contract settled up 825 points over the previous day, the total turnover of about 30 million Hujiao hand .

    Natural rubber futures rose by the impact of recent adverse economic rise of rubber in Hainan, went straight to the "high price" away. February 10, for the past 3 days or more than 20% of the total, Hainan rubber suspension for 1 hour.

    At the same time, the domestic tire companies Aeolus Tyre Co., (600469.SH) and Qian Luntai A (000589.SZ) released by the natural rubber price inflation also affect the performance of pre-cut announcement, shares Fengshen is expected to be an annual net profit in 2010 reduced by 50%, Qian Luntai expected down 50% to 70%.

    "Last year, a substantial decline in natural rubber production, coupled with increased demand, Jiaojia rose too fast, at up plastic, domestic natural rubber and synthetic rubber to follow up, no time to tire companies price adjustment, so that even repeated price increases, profits are rapidly down ", Beijing, Xi'an middle Futures Co., Ltd. Shao, vice president of business card said.

    Natural rubber prices will increase tire production costs, "Now the cost has increased by 60% or more, although we have repeatedly raised tire prices the company, but still can not offset the cost of raw materials prices surge," a Shanghai Head of tire companies export this feel helpless.

    According to the China Rubber Industry Association statistics, from January to November 2010, the industry profit fell 22%, the loss of 26%.