Since 2012, natural rubber prices have gradually recovered, and the futures price has increased from 23,000-24,000 yuan at the beginning of the year to nearly 30,000 yuan now, and the spot price has also approached 30,000 yuan from 26,000-27,000 yuan. As the cost of natural rubber accounts for more than 40% of the production cost of tires, the price of such rubber fluctuates so much that tire companies cannot control production costs and production operations encounter great difficulties.
Statistics from the China Rubber Industry Association show that in 2011, 45 tire companies in China experienced a significant decline in sales while their profits fell sharply. Industry profits fell by 16.2% compared to the previous year, and 11 loss-making enterprises suffered a 92.25% increase in losses over the previous year. The loss reached 25.6%, an increase of 6.98 percentage points from the previous year.
An excessively high import tariff on natural rubber is one of the causes of losses. In 2011, China imported 2.1 million tons of natural rubber, with an import value of 938.895 million US dollars, and the average import price was 4467 US dollars. The tariff was levied as high as 5,610 yuan, and companies were simply unable to absorb the large area losses.
At the same time, China's natural rubber self-sufficiency rate has also been declining year by year. In 2005, it fell below the internationally recognized 30% self-sufficiency rate security guarantee line. It fell to 25% in 2007 and fell to 22% in 2009. It fell to 0.2% in 2010. 20%.
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