Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
News for Outlets

Index tools to facilitate natural rubber industry development, experts

December 16, 2019


Abstract : Index tools could provide guidance information for rubber industry related companies thus help facilitate rubber industry development, according to experts at the Global Rubber Conference 2019.

HAIKOU, Dec.16 (Xinhua) -- Index tools could provide guidance information for rubber industry related companies thus help facilitate rubber industry development, according to experts at the Global Rubber Conference 2019 recently held in Haikou city of south China's Hainan province.

Xinhua-HSF China natural rubber serial price index, which is composed of four sub-indexes including thick latex, standard rubber (TSR20), mixed rubber (20#), natural rubber latex for instance, could provide pricing reference for natural rubber industry, said Zhang Wenjie, index analyst with China Economic Information Service (CEIS) during the event.

Photo: Zhang Wenjie, index analyst with CEIS, makes a speech during the recent Global Rubber Conference 2019.

The downward trend of the four sub indexes reflected a relatively weak rubber industry in 2018 due to oversupply, said Zhang Wenjie, noting that favorable factors such as the acceleration of domestic infrastructure investment and the easing of the international trade environment improved natural rubber consumption expectations at the end of 2018, which were shown in the index figures.

During June to July this year, the index indicators went downward as consumption and exports were impacted by international trade frictions, while during August to October the indexes went relatively stable, according to Zhang, citing relevant Xinhua-HSF China natural rubber serial price index reports.

From the perspective of the domestic natural rubber futures market, Zhang Wenjie said that the correlation coefficient between the Xinhua-HSF China natural rubber serial price index and the Natural Rubber Futures Price of Shanghai Futures Exchange reached 0.9264, indicating that China's natural rubber trading market is increasingly mature.

Through forecast model, Zhang predicted that the index will show a slightly upward trend in the first half of 2020.

Index matters in terms of financial transactions and hedging, according to DAR Wong, Chief Strategic Advisor with Bain Partners & Management, noting that Xinhua-HSF China natural rubber serial price index,if goes global, could exert huge impact on global rubber industry.

It is noted that Xinhua-HSF China natural rubber serial price index was co-compiled by CEIS, an affiliate of Xinhua News Agency and Haiken Group (HSF). (Edited by Niu Huizhe, niuhuizhe@xinhua.org)




Scan the QR code and push it to your mobile phone

Keyword: Xinhua-HSF Natural Rubber Index

Reading:

Lianyungang Section of Jiangsu FTZ issues 28 new measures to promote development

Chery showcases Tiggo8 at 2019 Saudi International Motor Show

Mainland-Macao cultural, tourism exchanges continue to deepen: vice minister

Yearender: China, ASEAN make great strides in building community with shared future

Direct flight connects China's tech hub Shenzhen, Jeju Island

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial