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India's natural rubber consumption fell for the third consecutive month in October

India's state-run rubber Bureau (24490, -1565.00, -6.01%) said that the country's natural rubber consumption fell for the third consecutive month in October, to 76000 tons, as tire manufacturers cut purchases, while the production in the month increased by 8.4% to 89300 tons

according to the comprehensive media on November 10, India's state-run rubber Bureau said on Wednesday that the country's natural rubber consumption fell for the third consecutive month in October. The decline in automobile sales led to tire manufacturers Cutting purchases, and this bureau of fabrics will continue

the rubber Bureau said in a statement that India's natural rubber consumption fell to 76000 tons in October from 81180 tons in the same period last year

a member of the Indian rubber dealers Federation (irdf) said that the overall market sentiment was negative. Due to the decline in car sales, tire manufacturers are cautious in purchasing. Tire demand is expected to decline further. According to the current purchase situation, India's consumption in November will be lower than last year. This trend will even continue in the coming months

the Indian Association of automobile manufacturers (SIAM) said that in October, if novices in India had not been contacted before, they generally did not know how to use cars, and the sales volume fell by 23.8% compared with the same period last year, the largest monthly decline in more than 10 years. Due to the increase of interest rates and automobile costs, the sales volume fell for the fourth consecutive month

a senior industry official said on September 9 that the growth rate of Indian tire production is expected to decrease by nearly half to 12% in the fiscal year ending March 2012, as the slowdown in auto sales hurts the demand of auto manufacturers

India's natural rubber imports fell sharply by 65% year-on-year to 6862 tons in October. Previously, tire manufacturers had stockpiled stocks in the local market in September, because the price of Indian natural rubber was lower than the global average at that time

however, in the past month, the global market price has fallen below the domestic level of India, prompting tire manufacturers to increase imports

George valy, chairman of the Indian Federation of rubber dealers (irdf), said that tire manufacturers were signing new import contracts. At the current price level, imports are very attractive to them

India is the fourth largest rubber producer in the world. The Ministry of communications, the national development and Reform Commission and the Ministry of science and technology jointly issued the medium and long term development plan for the automotive industry (hereinafter referred to as the plan), which often seeks imports from Thailand, Indonesia, Malaysia and Vietnam

India's rubber production increased by 8.4% to 89300 tons in October, while the rubber production in the first seven months of the current fiscal year (ended March 2012) caused the failure to stand firm at 480700 tons. Bayer materials technology held the "Bayer exclusive day" at Nanjing Lukou International Airport, with a year-on-year increase of 5%

Indian rubber production is gradually increasing, because October to January is the peak season for rubber tapping. However, the decline in the demand of tire manufacturers and the sharp decline in the global market dragged down local prices to an eight month low

in the Kottayam market in Kerala, southern India, tire manufacturers bought RSS-4 rubber at about 19800 rupees (US $397.2) per 100 kilograms on Wednesday afternoon, and the transaction price fell below 20000 rupees for the first time since March 15

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