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Keywords: NR market overview, planting area, output, inventory, supply, demand, producing country, Hainan Rubber, Sinochem International, Sri Trang Agro-Industry, consumption pattern, tire industry, rubber hose and belt industry, shoe material industry, commercial car and matched tires, SHEF futures, TOCOM futures, NR futures, prices, import, export, forecast.
Introduction:
The Chinese NR market finally saw increases in 2016, after more than five years' downtrend. Prices of NR bottomed out in 2016 and then fluctuated marginally at lows. Both risks and chances existed in the Chinese NR market in 2016. The long existing problem of oversupply remained, while the implementation of de-capacity and de-stock at NR producers had achieved initial success. Besides, the tire industry rallied this year, lending certain support to the NR market. The concentration degree of the NR industry kept increasing, and companies in the NR industry tended to seek opportunities in the international market as well as by doing mergers and acquisitions, which indicated those companies' strong confidence in company transformation and structure upgrading. NR players should not only understand the changes in the NR industry in 2016, but also foresee the NR market in 2017. The 2016 NR Market Annual Report will help players to grasp the market change, avoid risks and seek bigger opportunities.
The Chinese NR market experienced an upward trend in 2016. SHFE Market Dominant Contract broke the highest point of RMB 16,000/mt in 2015 and reached a new high of RMB 20,580/mt in December 2016, which was the highest point since 2013. SCI estimates that the increasing rate of the supply from major producing countries will lower to 0.3% in 2016, and the increasing rate of the supply will decline to 0.80% globally. SCI analyzed that the output of NR around the world was around 12,180kt in 2016, decreasing by 1.06% from the number of 12,310kt in 2015, and the output in the nine major NR producing countries was about 11,105.6kt in 2016, increasing by 0.30% Y-O-Y. The NR output globally was around 12,180kt in 2016, down by 0.80% from the number of 12,270kt in 2015. The output in the nine major producing countries was about 11,105.6kt or so in 2016, up by 0.30% Y-O-Y.