The rubber economy after COVID 19 with a...

Carrier98

The rubber economy after COVID /19 with a specialfocus on China    Summary：    Three parts that I intend to cover in this  report is the review of the rubber prices after the outbreak of COVID 19; the  impact on the domestic rubber supply and the shrunk demand.    On April 8, Wuhan the capital of Hubei  province, China is open to the outside world again. Although people are still  reeling from the loss of loved ones and cautious against COVID 19, life must  go on. In the first part, we make a briefly review of the rubber prices after the outbreak of  COVID 19.    The second part let’s deal with the  domestic supply. We believe the domestic supply is less affected  compared with the demand. This is because firstly we are still in the off  season of the rubber cutting. Secondly, China already has a rubber stock of  nearly 2 million tons. The decrease of importation will have a limited  contribution to relieve the pressure of domestic high stock.    The third part we deal with the demand. Under  the spread of the COVID/19, the pressure on the tire industry is  unprecedented. The pressure is mainly reflected in two aspects: domestic market  and exports. We will go deeper from these two aspects.