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Shenyang Sunnyjoint Chemicals Co.,Ltd

Tel: +86-24-88419556

Email: info@rubberchemical.cn

Wechat: ZY15840488152 

Add: No.145 Dongling Road, Shenhe District, Shenyang, Liaoning Province

The Rubber Industry's Economic Operation Remains Stable
Jan 02, 2019

In 2018, the economic operation of China's rubber industry remained generally stable. Due to the decline in domestic automobile production and sales, the adjustment of logistics and transportation methods, the rubber tire products market has been affected accordingly. According to statistics, China Rubber Industry Association expects main member companies' main business income to grow by about 5% year-on-year, profits increased by about 25% year-on-year, export delivery value increased by about 8%, and sales revenue margin was around 5%. Among them, the tire industry is basically in a stable state due to the annual raw material prices. The costs of labor, energy and environmental protection are basically controllable. The internal and external market rigidity guarantees the basic production capacity. The appreciation of the US dollar has improved the export earnings. The overseas factories have good returns. The base is relatively low, although the tire production is basically the same as the previous year, but the expected benefits are better than the previous year.

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