2024-06-19
Tire industry calls for suspension of implementation of new compound rubber standards
China Rubber Network News: "Since last year, some companies in the tire industry have gone bankrupt, and the industry's efficiency has dropped by more than 30%. China's tire industry is already in a critical moment! If the new standard for composite rubber is implemented at this moment, it will undoubtedly make the tire industry worse, and it will inevitably affect the entire upstream and downstream industries." On June 14, at the progress report meeting on the US tire "double anti-dumping" case and other work held by the China Rubber Industry Association in Dalian, dozens of tire companies attending the meeting mentioned the national standard for composite rubber "General Technical Specifications for Composite Rubber" to be implemented on July 1, and asked the association to represent the companies to reflect the demands of tire companies to the relevant national departments, and asked the standard-setting departments to consider the actual situation of the industry and suspend the implementation of the new standard for composite rubber.
2024-06-19
On the market, the main 1601 contract of Shanghai rubber opened low and fluctuated on Wednesday, and closed at 12,310 yuan/ton at the end of the trading day, up 0.04% from the previous trading day, with an increase of 3,612 lots and a turnover of 666,186 lots.
2024-06-19
Top 10 News of China Rubber Industry
On June 3, the United Steelworkers (USW) applied to the U.S. Department of Commerce and the U.S. International Trade Commission (ITC) to initiate anti-dumping and anti-subsidy investigations on passenger and light truck tires from China, and accused the dumping margin of 60.15% and the subsidy margin of 25.73%. On November 24, the U.S. Department of Commerce announced the preliminary anti-subsidy ruling results; on December 22, it revised the preliminary anti-subsidy tariff rate. The preliminary ruling rates of the two mandatory respondent companies were 11.74% and 12.5% respectively, and the rest of the companies were 12.03%; Shandong Yongsheng Rubber Group Co., Ltd. received a punitive tariff of 81.29%. According to statistics from China Customs, the delivery value of the products involved in China's exports to the United States was US$3.337 billion, which is the largest amount of trade relief measures suffered by the tire industry so far, involving thousands of domestic companies, including 68 production companies, and will affect nearly one million industrial workers in China's tire and related industries.
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