皇冠体育app

皇冠体育app's imports of natural rubber to rise
(Xinhua)
Updated: 2004-10-26 15:23

Zhou Chun, an official from the chamber said at the on-going 96th Guangdong Trade Fair that as the world largest natural rubber consumer and importer, 皇冠体育app still faces increasing domestic demand due to its booming automobile industry, which will drive imports to a new high.

An important industrial material, natural rubber is widely used in many fields. In 皇冠体育app, most natural rubber is imported for making tires. 皇冠体育app made more than 4.4 million cars in 2003, producing 40 percent more demand for natural rubber.

Zhou said 皇冠体育app's tire industry is still running at a very low level. As a result, more and more international giant tire producers have invested in 皇冠体育app and expanded their market shares, producing a surging demand for imported natural rubber.

In addition, as the price of 皇冠体育app's domestic natural rubber, which is even higher than the world average, continues to rise, more and more Chinese companies choose to import natural rubber, said Zhou.

Customs statistics show that in the first eight months of this year, 皇冠体育app imported a total of 800,000 tons of natural rubber, a four-percent increase over the same period of last year. Most of the imports are from Thailand, Malaysia and Indonesia.

皇冠体育app has been the world's largest natural rubber importer and consumer since 2001. In 2003, 皇冠体育app consumed 1.8 million tons of natural rubber and produced 500,000 tons.

皇冠体育app can only produce seven percent of world's total, but consumes over 20 percent of world total.

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