In the first half of 2014, China produced 550 million tires

The Natural Rubber Producing Countries Association (ANRPC) estimates that the cumulative production of natural rubber in China in the first half of 2014 will be 290,000 tons, an increase of 10.69% over the same period of last year; and the data released by the General Administration of Customs shows that imports in the first half of the year totaled 2.04 million tons, an increase of 8.75 over the same period of last year. %. If we consider the initial inventory level, we conclude that the total domestic supply has increased by 9.4% from last year.

From the demand side, the province of tires - Shandong Province's annual production capacity of tires has exceeded 380 million, reaching nearly half of the national total, in 2012 sales revenue of more than 310 billion yuan, the rubber industry above the scale of nearly 560 companies.

In the first half of 2014, the cumulative production of tires for rubber tires nationwide totaled 550 million, an increase of 9.2% year-on-year; exports totaled 230 million, an increase of 10.8% year-on-year. According to the data released by the official agencies, the supply and demand structure was more balanced in 2014.

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