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Chinese Isoprene Rubber Market Annual Report 2016

Chinese Isoprene Rubber Market Annual Report 2016

  • March 2017
  • 34 pages
  • ID: 5168564

Summary

Table of Contents

China’s apparent consumption volume of IR was 74.6kt in 2016, and the import volume of IR was 39.6kt, so the import dependence degree was around 53%. Compared with the previous years, the IR market performed better than expected in 2016. The IR price kept rising in line with the increasing NR price. By the end of November 2016, Russian SKI-3 was offered at RMB 14,000/mt, up by 17% compared with that at the beginning of 2016.

China’s IR capacity was 255kt/a in 2016, which was stable Y-O-Y. The operating rates at IR units in China stayed at lows in the past 5 years. The output, import volume and apparent consumption volume of IR was 40.2kt, 41.4kt and 79.7kt respectively in 2016. The global IR capacity totaled at 878kt/a in 2016, which was largely stable from 2015. Russia was the largest IR producing country in the world. The IR capacity in China ranked second in the world, but the actual operating rate remained low.

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