Вы находитесь на странице: 1из 46

China's Leading Commodity Information & Trade Professional Service Provider

Contents

1 China Synthetic Rubber Market Status Analysis and Forecast

2 China Butadiene Market Status Analysis and Forecast

3 China Tire & Automobile Market Status Analysis and Forecast

4 Macro-economy's & Environmental Policies


Influence on China Synthetic Rubber Market
1 China rubber products consumption volume kept rising.

China Rubber Products Consumption Volume Stat. NR, 55.0%


'000mt Consumption volume YoY change

10,000 1200% SBR, 14.6%


9,000
1000%
8,000
7,000 BR, 10.2%
800%
6,000
5,000 600%
4,000 NBR, 2.56%
400%
3,000
2,000
200%
1,000 IIR, 4.36%
0 0%
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016

Others, 13.33%

Data source: JLC (former JYD)


Data source: JLC (former JYD)
1 China synthetic rubber market suffered serious overcapacity.

China Major Synthetic Rubber Products Capacity &


Consumption Volume Comparison
'000mt Capacity Consumption volume
5,000
Demand
4,500
4,000
3,500
3,000
2,500
2,000
1,500
Capacity
1,000
500
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)


1 China synthetic rubber capacity declined as a whole in 2016.

China Major Synthetic Rubber Products Capacity


Change
'000mt/yr IIR NBR PBR SBR
Unit: '000mt/yr
4,500

4,000 Item SBR PBR NBR IIR

3,500

3,000 2015 1,920 1,692 200 277

2,500

2,000 2016 1,920 1,552 230 305


1,500

1,000 Change 0.00% -8.27% +15.00% +10.11%


500

0 Data source: JLC (former JYD)


2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)


1 Zero and negative capacity growths for SBR and PBR in 2016, respectively.

China Major Synthetic Rubber Products Capacity Growth Rate Comparison


SBR PBR NBR IIR
180%

160%

140%

120%

100%

80%

60%

40%

20%

0%

-20%
2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)


1 State-owned enterprises have the final say.

China Major Synthetic Rubber Products Capacity China Major Synthetic Rubber Products Capacity
Proportion (by Enterprise Nature) Stat. (by Enterprise Nature)
Sinopec PetroChina
'000mt Private enterprise Joint venture/foreign funded
700

15% 600
Sinopec
29%
500
Private enterprise
400
PetroChina 300
27%

Joint venture/foreign 200


funded
29% 100

0
SBR PBR NBR IIR

Data source: JLC (former JYD) Data source: JLC (former JYD)
1 China synthetic rubber products major technique

Product Technique Representative enterprises

Zeon, JSR, Sinopec Qilu, Russia, Sinopec Qilu, PetroChina Jilin, Sinopec Yangzi,
ESBR
PetroChina Jilin, TSRC Shenhua Chemical Industrial, Zhechen Rubber
SBR Sinopec Shanghai Gaoqiao, PetroChina Dushanzi,
Asahi Kasei, ENI, Sinopec Baling,
Sinopec Baling, Sinopec Beijing Yanshan,
SSBR Sinopec Beijing Yanshan, Dynasol,
Liaoning North Dynasol Synthetic Rubber,
Phillis
Zhenjiang Chi Mei Chemical
Changchun Institute of Applied Sinopec Beijing Yanshan, Sinopec Qilu, Sinopec
PBR Chemistry, Sinopec Beijing Yanshan, Maoming, Fuxiang Chemical, Wanda Chemical,
PetroChina Daqing, UBE, BLEST Zhejiang Transfar Chemical
PetroChina Lanzhou, Ningbo Shunze
Zeon, Russia Rubber Research
Rubber, Lanxess-TSRC (Nantong) Chemical
NBR Institute, LANXESS, INSA
Industrial, INSA GPRO (Nanjing) Synthetic
BFGoodrich
Rubber, NANTEX Industry
Sinopec Beijing Yanshan, Zhejiang Cenway New
Italy PI, Tsinghua University, Italy
IIR Materials , Chambroad Petrochemical, Panjin
Conser, Russia
Heyun Industrial Group
Data source: JLC (former JYD)
Private enterprises capacity growth cannot shake state-owned enterprises'
1 final say.

China SBR Capacity Stat. (by Enterprise Nature)


China SBR Capacity Stat. (by Production
Joint venture/foreign
Process)
funded

Private enterprise 24%

ESBR
SSBR
PetroChina

76%

Sinopec

Unit: 000mt
0 200 400 600
Data source: JLC (former JYD)
Data source: JLC (former JYD)
1 China SBR production volume (mianly for ESBR) slightly rose in 2016.

China SBR Production Stat. China SBR Production Stat. (by


Production Process)
000mt Production volume Growth rate
10%
1,200 20%

ESBR
1,000 15% SSBR

800 10%
90%

600 5%
China SBR Production Stat. (by
400 0% Enterprise Nature)
Sinopec

200 -5% 24%


38% PetroChina
0 -10%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 13%
Private enterprise

Data source: JLC (former JYD) 25%


1 China SBR industry operating rate rose in 2016 after years of decline.

China SBR Industry Operating Rate


ESBR SSBR Comprehensive
120%

100%

80%

60%

40%

20%

0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)

Item Sinopec PetroChina Private enterprise Joint venture/foreign funded

2015 69.20% 45.97% 29.95% 57.30%


2016 70.98% 41.53% 33.25% 65.08%
Up/down Up Down Up Up

Data source: JLC (former JYD)


100
140
160
180

120

0
20
40
60
80
000mt
Yanshan Petrochemical 1
Gaoqiao Petrochemical
Qilu Petrochemical
Baling Petrochemical
Maoming Petrochemical
Fuxiang Chemical
Jinzhou Petrochemical
Dushanzi Petrochemical
Daqing Petrochemical
TSRC-UBE (Nantong)
Xinjiang Land
Wanda Chemical
Huamao New Material
Transfar
China PBR Capacity Stat. (by Enterprise)

YPC-GPRO (Nanjing)
Qixiang Tengda Chemical
Sichuan Petrochemical
Yuhuang Chemical
Haopu New Materials Technology

Data source: JLC (former JYD)


China PBR capacity declined in 2016.

funded

Unit: 000mt
Joint venture/foreign

Sinopec
PetroChina
Private enterprise

0
200
400
China PBR Capacity Stat. (by Enterprise Nature)

Data source: JLC (former JYD)


600
1 China PBR production volume rose in 2015 and 2016.

China PBR Production Stat.

000mt Production volume Growth rate


1,000 30%
900 China PBR Production Stat. (by
20% Enterprise Nature)
800
700 Sinopec
10% 19%
600
500 0% PetroChina
43%
400
-10% Private enterprise
300
200 38%
-20%
100
0 -30%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD) Data source: JLC (former JYD)
1 China PBR industry operating rate rallied in 2015 and 2016.

China PBR Industry Operating Rate


100%
Joint
90% Private
Item Sinopec PetroChina venture/foreign
enterprise
80% funded
70%
2015 47.77% 55.49% 25.41% 27.08%
60%
50%
2016 54.36% 68.29% 28.39% 39.44%
40%
30%
Up/down Up Up Up Up
20%
10%
Data source: JLC (former JYD)
0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)


1 China synthetic rubber industry status analysis

China major synthetic rubber products supply-demand change

Production volume Import volume Export volume Consumption


Product Year (000mt) (000mt) (000mt) volume (000mt)
Volume Change Volume Change Volume Change Volume Change
2015 988.3 -7.09% 369.5 +12.58% 44.8 -29.89% 1,313 -1.21%
SBR
2016 1,013.4 +2.54% 409.7 +10.88% 39.6 -11.61% 1,383.5 +5.37%
2015 711 +6.50% 231 +11.59% 22.2 -10.12% 914 +7.54%
PBR
2016 762.8 +7.29% 223.6 -3.20% 23.9 +7.66% 962.5 +5.31%

NBR 2015 150 +30.43% 81 +9.16% 6.7 0.00% 224.3 +22.90%


2016 162 +8.00% 87.9 +8.52% 7.6 +13.42% 242.3 +8.02%
2015 95.3 +13.72% 241.6 -10.15% 17.5 +53.51% 319.4 -6.42%
IIR
2016 155.1 +62.75% 273.9 +11.30% 15.9 -9.14% 413.08 +29.33%

Data source: JLC (former JYD)


1 China SBR net import proportion rose in 2016.

China SBR Import Dependence Rate 2015 China SBR Import Volume &
Import volume Consumption volume Production Volume Comparison

000mt Import dependence rate


25%
1,500 35%
Production volume
1,300 30%
Import volume

1,100
25%
75%
900
20%
700
15%
500 2016 China SBR Import Volume &
Production Volume Comparison
10%
300

100 5% 27%
Production volume

-100 0% Import volume


2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Data source: JLC (former JYD)
73%

Data source: JLC (former JYD)


1 China PBR net import proportion declined in 2016.

2015 China PBR Import Volume &


China PBR Import Dependence Rate
Production Volume Comparison
Import volume Consumption volume

000mt Import dependence rate


23%
1,200 40% Import volume
Production volume
35%
1,000
77%
30%
800
25%

600 20%
2016 China PBR Import Volume &
15%
400 Production Volume Comparison
10%
200
5%
21% Import volume
0 0% Production volume
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
79%

Data source: JLC (former JYD)


Losses for China SBR industry mitigated while that for PBR industry
1 aggravated.

China SBR & PBR Profit Comparison


Unit: CNY/mt CNY/mt
SBR PBR
4,000
SBR PBR
3,000
2012 +74.7 +1,052.6
2,000

2013 -935.6 +491.8 1,000

0
2014 -891.1 +117.1
-1,000
2015 -818.5 -483.4
-2,000

2016 -752.68 -504.29 -3,000

-4,000 Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17
May-12

May-13

May-14

May-15

May-16
Sep-12

Sep-13

Sep-14

Sep-15

Sep-16
Data source: JLC (former JYD)

Data source: JLC (former JYD)


1 China synthetic rubber capacity will keep rising from 2017 to 2020.

Capacity
Company Product Remarks
(000mt/yr)

Shouguang Fenghui New Material BR 100


China Major Synthetic Rubber Products
Jiutai Energy BR 60 2019
Capacity Forecast
'000mt/yr Liaoning Shengyou Rubber 2019Phase I:
PBR SBR NBR IIR BR 80
2,500 Technology 30,000mt/yr

Guangnan Petrochemical SSBR 60 2018-2019


2,000
2018-2019
Zhenjiang Chi Mei Chemical SSBR 40
Phase II
1,500 Sinopec-Sibur Project NBR 50 2017-2018

Shen Hua Chemical Industrial NBR 30 2017-2018


1,000
Bluestar Petrochemical NBR 40 2017-2018

Sinopec Anqing Company NBR 40 2017-2018


500
Lanzhou GPRC Petrochemical IR 60

0 China Eastar Group IR 50 2019-2019


2015 2016 2017E 2018E 2019E 2020E
Shen Chi Chemical IR 50 2017-2018

Data source: JLC (former JYD) CNOOC Huizhou Refining &


IR 50 2017-2018
Petrochemicals

Data source: JLC (former JYD)


1 China synthetic rubber production will keep rising from 2017 to 2020.

China SBR/PBR Production & Consumption China NBR/IIR Production & Consumption
Volumes Forecast Volumes Forecast
PBR production PBR consumption NBR production NBR consumption
'000mt '000mt
SBR production SBR consumption IIR production IIR consumption
2,000 500
1,800 450
1,600 400
1,400 350
1,200 300
1,000 250
800 200
600 150
400 100
200 50
0 0
2015 2016 2017E 2018E 2019E 2020E 2015 2016 2017E 2018E 2019E 2020E

Data source: JLC (former JYD) Data source: JLC (former JYD)
1 China major synthetic rubber products' prices rallied.

Unit: CNY/mt
Item SBR price PBR price NBR price IIR price
2015 9,766.84 9,267.32 13,739.97 16,790.16
2016 11,625.70 11,932.62 13,778.80 16,772.66
Change +1,858.86 +2,665.3 +38.83 -17.5

China Major Synthetic Rubber Products Prices Comparison


CNY/mt SBR PBR NBR IIR
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
Apr-11

Oct-11

Apr-12

Oct-12

Apr-13

Oct-13

Apr-14

Oct-14

Apr-15

Oct-15

Apr-16

Oct-16

Apr-17
Jul-11

Jul-12

Jul-13

Jul-14

Jul-15

Jul-16
Jan-11

Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17
Data source: JLC (former JYD)
2 China butadiene capacity growth slowed down.

China Butadiene Capacity Stat.


000mt/yr Capacity Growth rate
4,000 30% China Butadiene Capacity Stat. (by
Enterprise Nature)
3,500
25%
3,000
21% Sinopec
20%
2,500 32%
PetroChina
2,000 15%
Joint venture/foreign
1,500 funded
10% 21% Private enterprise
1,000
5%
500 26%

0 0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Data source: JLC (former JYD) Data source: JLC (former JYD)
China ODH-based butadiene capacity declined despite the total butadiene
2 capacity growth in 2016.

China Butadiene Capacity Stat. (by Production Process)

Extraction ODH (oxidative dehydrogenation)


000mt/yr
3,500

3,000

2,500

2,000

1,500

1,000

500

0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)

Data source: JLC (former JYD)


China ODH butadiene capacity declined despite the total butadiene capacity
2 growth in 2016.
Production Capacity Production Capacity
Producer Producer
process (000mt/yr) process (000mt/yr)
PetroChina Jilin 190 YPC-BASF 130
PetroChina Lanzhou 135 Sinopec Sichuan 150
Liaoning Huajin Tongda
PetroChina Daqing 170 120
Chemicals
Shanghai SECCO
PetroChina Dushanzi 170 180
Petrochemical
PetroChina Liaoyang 30 Extraction Bluestar (Tianjin) Chemical 30
Fujian Refining &
PetroChina Fushun 120 180
Petrochemical
Sinopec Yangzi 220 PetroChina Jinzhou 30
Sinopec Qilu 170 Shandong Yuhuang Chemical 70
Extraction Sinopec Beijing Yanshan 135 Shandong Weite Chemical 70
Sinopec Shanghai 120 Total 3,295
Sinopec Shanghai Gaoqiao 40
Sinopec Guangzhou 35 Shandong Yuhuang Chemical 80
Sinopec Maoming 150 Shandong Weite Chemical 50
Sinopec Zhenhai Refining 165 Qixiang Tengda Chemical 150
Shandong Kenli
Sinopec SABIC Tianjin 200 ODH 100
Petrochemical
Jiangsu Sierbang Petrochemi
Sinopec Wuhan 120 100
cal
CSPC 165 Total 480

Data source: JLC (former JYD)

Data source: JLC (former JYD)


Extraction-based butadiene production volume was far higher than that of
2 ODH-based butadiene.

China Butadiene Production Stat. (by Production Process)

Extraction ODH (oxidative dehydrogenation)


000mt
3,000

2,500

2,000

1,500

1,000

500

0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)


Production cost of ODH-based butadiene is far higher than that of extraction-
2 based butadiene.

China's Butadiene Production Cost

CNY/mt Extraction cost (Sinopec) ODH cost (Qixiang Tengda Chemical) Butadiene price

28,000

23,000

18,000

13,000

8,000

3,000

-2,000

Data source: JLC (former JYD)


Production cost of ODH-based butadiene is far higher than that of extraction-
2 based butadiene.

Two producers changed ODH production process into extraction one.


Unit: 000mt/yr

Capacity pattern
Original Capacity after
Producer Total capacity
capacity unit reform
Extraction ODH

Shandong Yuhuang Chemical 100 70 70 80 150

Shandong Weite Chemical 100 70 70 50 120

Data source: JLC (former JYD)


2 China butadiene market status analysis

Production volume Consumption volume


Capacity (000mt/yr) Import volume (000mt)
(000mt) (000mt)
Year
Capacity YoY change Volume YoY change Volume YoY change Volume YoY change

2010 2,239 +10.35% 1,980 +32.00% 216 -27.57% 2,093 +19.17%

2011 2,464 +10.05% 2,080 +5.05% 183 -15.16% 2,188 +4.52%

2012 2,900 +17.69% 2,200 +5.77% 345 +88.42% 2,632 +20.29%

2013 3,260 +12.41% 2,445 +11.14% 371 +7.45% 2,630 -0.08%

2014 3,590 +10.12% 2,533 +3.60% 230 -38.00% 2,682 +1.98%

2015 3,715 +3.48% 2,500 -1.30% 278 +20.94% 2,710 +1.04%

2016 3,805 +2.42% 2,628 +5.12% 273 -1.62% 2,943 +8.61%

Data source: JLC (former JYD)


2 China butadiene supply increased while import volume decreased.

20122017 China Butadiene Import Volume

mt China Butadiene Import Stat. (by Origin)


2012 2013 2014 2015 2016 2017
100,000
90,000
80,000 16% South Korea
25% Taiwan
70,000 Holland
60,000 5% Iran
Thailand
50,000 5%
U.S.
40,000 Brazil
6%
11% Indonesia
30,000
India
6%
20,000 Others
10,000 7% 10%
9%
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Data source: JLC (former JYD)
Data source: JLC (former JYD)
2 China butadiene supply will keeping increasing from 2017 to 2020.

China Butadiene Capacity & Production Comparison

'000mt Capacity Production Capacity growth rate Production growth rate

5,000 6%
4,500 5%
4,000
4%
3,500
3,000 3%

2,500 2%
2,000 1%
1,500
0%
1,000
500 -1%

0 -2%
2015 2016 2017E 2018E 2019E 2020E

Data source: JLC (former JYD)


China price trends of butadiene and synthetic rubber products are basically
2 consistent.

China Butadiene & Synthetic Rubber Products Prices Comparison


SBR 1502 PBR 9000
CNY/mt
NBR N41 Butadiene
30,000

25,000

20,000

15,000

10,000

5,000

0
Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17
Jan-12

Jan-13

Jan-14

Jan-15

Jul-15

Jan-16

Jan-17
Jul-12

Jul-13
Sep-13

Jul-14

Jul-16
May-12

May-13
Sep-12

May-14

May-16
Nov-12

Nov-13

Sep-14

May-15

Nov-15
Nov-14

Sep-15

Sep-16

May-17
Nov-16
Data source: JLC (former JYD)
3 China automobile production and sales volumes both rose YoY.

Automobile production Automobile sales


China Automobile Production & Sales Volumes (million) (million)
Production Sales 2015 2016 2015 2016
million Production growth rate Sales growth rate Jan 2.287 2.452 2.3196 2.5006
30 50%
Feb 1.6318 1.6118 1.5933 1.5809
45%
25 Mar 2.2836 2.5206 2.2406 2.4397
40%
Apr 2.0797 2.17 1.9945 2.1224
35%
20
30% May 1.9642 2.0649 1.9038 2.0917

15 25% Jun 1.8508 2.0486 1.8031 2.0707


20% Jul 1.518 1.9596 1.503 1.8519
10
15% Aug 1.5697 1.9905 1.6645 2.071
10%
5 Sep 1.8943 2.5307 2.0248 2.5641
5%
Oct 2.1887 2.5863 2.2216 1.6499
0 0%
Nov 2.5442 3.0106 2.5088 2.9387
2004
2001
2002
2003

2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016

Dec 2.6558 3.0628 2.7855 3.0573

Total 24.4678 28.0084 24.5631 26.9389


Data source: JLC (former JYD)
Data source: JLC (former JYD)
3 China operating rate of tire industry rallied in 2016.

China Tire Industry Operating Rate Stat. 20152017 China Tire Industry Operating Rate
All-steel tire Semi-steel tire Bias tire Stat.
100% 2015 2016 2017
90% 80%
80% 70%
70% 60%
60% 50%
50%
40%
40%
30%
30%
20% 20%
10% 10%
0% 0%
Oct-15
Oct-12

Oct-13

Oct-14

Oct-16
Jun-13

Jun-14

Jun-15

Jun-16
Feb-13

Feb-14

Feb-15

Feb-16

Feb-17
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Data source: JLC (former JYD) Data source: JLC (former JYD)
3 China tire production grew slowly and the radial tire proportion rose in 2016.

China Outer Tire Production Volume 20152016 China Outer Tire Production Volume
Outer tire Radial outer tire 2015 2016 2017
million pieces million pieces
1,200 100
90
1,000 80
70
800
60
600 50
40
400
30

200 20
10
0
0
2010 2011 2012 2013 2014 2015 2016
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Data source: JLC (former JYD) Data source: JLC (former JYD)
3 China tire import & export volumes kept rising.

China Tire Import & Export Stat. Comparison

'000mt Import volume Export volume Import volume YoY change Export volume YoY change

6,000
90%
5,000
70%

4,000 50%

30%
3,000
10%
2,000
-10%
1,000
-30%

0 -50%
2009 2010 2011 2012 2013 2014 2015 2016

Data source: JLC (former JYD)


3 The proportion of China tire export volume to U.S. declined.

2015 2016
Proportion up/down
Ranking Nation Proportion Nation Proportion

1 U.S. 18.81% U.S. 15.05% Down

2 U.K. 4.38% U.K. 4.45% Up

3 Mexico 4.29% UAE 3.94% Down

4 UAE 4.07% Mexico 3.91% Down

5 Saudi Arabia 3.93% Saudi Arabia 3.89% Down

6 Australia 3.24% Australia 3.30% Up

7 Canada 2.50% Canada 2.42% Down

8 Germany 2.16% Germany 2.32% Up

9 Holland 1.90% India 2.12% Up

10 Nigeria 1.85% Pakistan 1.94% Up

Data source: JLC (former JYD)


China automobile production & sales volumes will keep rising from 2017 to
3 2020.

China Automobile Production & Sales Volumes China Tire Production Volumes Forecast
Forecast Outer tire
Production Sales Radial outer tire
million million pieces
Production growth rate Sales growth rate
35 20% 1,300 15%
18% 13%
30 1,100
16% 11%
25 14% 900 9%
20 12% 700 7%
10% 5%
15 8% 500 3%
10 6% 300 1%
4% -1%
5 100
2% -3%
0 0% -100 -5%
2015 2016 2017E 2018E 2019E 2020E 2015 2016 2017E 2018E 2019E 2020E

Data source: JLC (former JYD) Data source: JLC (former JYD)
Policy fundamental exerts more and more serious impact on China tire
4 market.
EU implemented compulsory standards related to tires
energy consumption, wet traction and noise in November
2012
U.S. implemented Tire Fuel Economy Consumer
Notification Scheme in 2010.
South Korea implemented tire labelling regulation
related to tires energy consumption and wet traction
with voluntary and compulsory posting periods starting
from December 2011 and December 2012, respectively.
Japan implemented voluntary tire labelling regulation
in 2010 related to tires energy consumption and wet
traction.
Gulf States implemented tire labelling regulation from
January 1st, 2016.

EU REACH Regulation
South Korea K-REACH China Rubber Industry Association clarified
the implantation process for Chinas tire
Regulation labelling regulation on May 12th, 2016. It
China Green Tire Technology published Tire Labelling Grading Standard
and Tire Labelling Regulation Standards
Specifications both in May 2016. Tire producers could
apply for labelling grading voluntarily.
4 Natural rubber is mutually replaceable with SBR and PBR.

Chinas SBR, PBR & Natural Rubber Prices Comparison


CNY/mt SBR 1502 PBR 9000 Shanghai SCRWF

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0
Mar-12

Mar-13

Mar-14

Mar-15

Mar-16

Mar-17
Jul-12

Jul-13

Jul-14

Jul-15

Jul-16
Jan-12

Jan-13

Jan-14

Jan-15

Jan-16

Jan-17
May-12

May-13

May-14

May-15

May-16

May-17
Sep-12
Nov-12

Sep-13
Nov-13

Sep-14
Nov-14

Sep-15
Nov-15

Sep-16
Nov-16
Data source: JLC (former JYD)
4 TPE will threaten certain rubber products market share.

TPU
TPI &
TPAE
TPB

TPO TPEE

TPE
TPVC &
TPS
TCPE
4 Conclusion and Remarks

Adapting to green tire development tendency and


environmental protection requirements; only
products with high performance properties can
enjoy a promising future.

Demands for SSBR, Nd-polybutadiene and HIIR are


growing and new materials like TPE will impact
synthetic rubber market.
Though demand and production volumes will rise, the
import volume wont decline. Most of the imported
rubber products are high-end grade ones that China is
short of.
The overcapacity of Chinas synthetic rubber
industry will continue for a long period of time
and de-capacity is necessary.
JLC (Former JYD) (www.315i.com), as a professional information
supplier, leads in information service, consulting service and
conference service. Established in 2004, JLC has 1,000 analysts and a
professional transaction service team to serve more than 1.2 million
business registered clients, covering oil, natural gas, chemical, etc.
industries. Headquartered in Beijing, our branches have been
established in ten cities including Shandong, Shanghai, Guangzhou
and Singapore.
Features
JLC Price Assessment Pricing benchmark for spot bulk commodity trade

JLC price assessment is based on trading features in China bulk commodity market.

Market Analysis Opinion leader of bulk commodity market

JLC has a unique market analysis methodology on China bulk commodity market.

Trading Strategy A scientific guideline for bulk commodity trading decision

JLC offers scientific trading models for China bulk commodity spots/futures.

Big Data A real guide for bulk commodity trading

JLC big data system is a large professional database.


Conference and Training
Thank You!

Amanda Zhao
Email: zhaolei@315i.com
en.315i.com