Author: jinlianchuang Luning
Data source: Thai customs
According to the data released by Thailand customs, in March 2020, the export volume of Thailand's natural rubber (including compound and mixed rubber) was about 372300 tons, down 17.66% month on month, down 14.67% year on year. On the one hand novel coronavirus pneumonia outbreak, macroeconomic failure and global rubber demand were suppressed in Thailand. Thailand's largest exporter of natural rubber, the decline is expected.
Data source: Thai customs
According to the figure above, in March 2020, the export volume of Thailand's tobacco flake rubber accounted for 11% of the total export volume, and the export volume increased by 1 percentage point compared with February; the export volume of standard rubber accounted for 23% of the total export volume, and the export volume narrowed by 2 percentage points compared with the month on month; the export volume of mixed rubber accounted for 41% of the total export volume, and the export volume expanded by 4 percentage points compared with the month on month; the export volume of latex accounted for 22% of the total export volume, and the export volume The proportion shrank by 3% on a month on month basis. The proportion of other rubber exports is relatively small.
Data source: Thai customs
In March, Thailand's exports of mixed rubber were about 152900 tons, up 14.67% year on year, down 7.20% month on month, and 152700 tons to China, up 14.59% year on year, down 7.14% month on month. The export volume of standard rubber is about 86300 tons, down 38.56% year on year, 24.83% month on month, 29800 tons to China, 50.82% year on year, 45.83% month on month. The main export country of mixed rubber is China. Before novel coronavirus pneumonia, the market for rubber products was open, and the resumption of demand for downstream factories was good. The demand for domestic products for the 2-3 months was higher, but the new crown pneumonia outbreak broke out in late January, and the price of plastic products fell. In mid March, the confirmed cases of Southeast Asian rubber producing countries rose, and there were measures to seal the city and close ports, which affected the efficiency of shipping and transportation, resulting in the export of mixed rubber. Month on month reduction. The export volume of standard rubber decreased significantly compared with that of the same period, mainly due to the impact of the epidemic on the global demand for natural rubber.
Data source: Thai customs
In March, Thailand's natural latex export volume was about 83400 tons, down 22.38% year on year and 27.26% month on month. Exports to China reached 25200 tons, down 45.64% month on month, down 42.50% year on year. Thailand has entered the low production season, with limited fresh glue production and severe epidemic situation. Penang Port of Malaysia is closed, and domestic transportation in Thailand is limited, which affects export efficiency. Among them, the export of concentrated latex to China and Malaysia decreased, while the export to Japan and the United States increased slightly. In the context of the epidemic, medical gloves and other medical materials are in short supply. As an important manufacturer of medical gloves, Malaysia's demand for latex is surging, but its production capacity is limited. China's domestic epidemic broke out earlier. To prevent and control the epidemic, enterprises shut down and shut down for a long time. Even after returning to work, due to the limited flow of personnel, the factory's operating rate increased slowly, and the medical gloves accounted for a relatively small proportion in China's domestic production of latex products, so the demand for latex decreased significantly, the purchasing sentiment of importers decreased, and some early orders were delayed by negotiation, so they were exported to China in March The reduction of latex quantity is the most obvious in China.
Data source: Thai customs
In March, Thailand's tobacco and rubber exports were about 38700 tons, down 4.10% year on year, down 14.49% month on month. Exports to China amounted to 7300 tons, up 65.97% year on year and 14.15% month on month. China China novel coronavirus pneumonia sentiment was the main reason for replenishment preference in the Chinese market before the Spring Festival. The 2-3 month after the festival was concentrated in Hong Kong. The shipment of some tobacco products was delayed in March due to the outbreak of a new crown pneumonia outbreak in late January.
Jinlianchuang believes that Thailand's exports of natural rubber (including composite and mixed rubber) in April are expected to decline further. China's Spring Festival novel coronavirus pneumonia epidemic situation, the natural rubber gum price has been falling down, the supplier processing profit has been damaged, and the shipping enthusiasm has been hit. In late March, the epidemic spread abroad, the global rubber demand was under pressure, and the Southeast Asian multinational confirmed cases rose, sealing the country, sealing up the port, sealing the city and other measures to prevent and control the epidemic situation, which caused the logistics and transport efficiency to be blocked; the Thailand main body In China, the largest consumer country, domestic inventory is high, the pace of downstream digestion is slow, and the enthusiasm of importers to buy cargo is low.
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