Faced with the severe situation where the profit margin has fallen by nearly half, the industry calls for:

    The new crown pneumonia epidemic has made the originally sluggish rubber additives market worse. Statistics from the Rubber Additives Committee of China Rubber Industry Association show that in the first quarter, my country's rubber additives industry sales revenue was 5.44 billion yuan, a year-on-year decrease of 19%; total output was 285,000 tons, a year-on-year decrease of 12%; exports were 79,000 tons, year-on-year A decline of 14%; exports of 1.17 billion yuan, a year-on-year decrease of 34%; industry profit margins fell by 44% year-on-year; the prices of some products have been severely inverted. "The rubber additives industry should stabilize the supply as soon as possible and open up new areas of application to overcome the difficulties." Industry insiders suggested.

Export orders fell sharply

According to the Rubber Auxiliary Committee of China Rubber Association, the domestic output of rubber additives accounts for about 76% of the total global output. In recent years, nearly 350,000 tons of rubber additives have been exported to foreign countries every year. The global epidemic has a great impact on the downstream tire market, with poor consumption and poor exports. In addition, the United States is preparing to conduct anti-dumping and anti-subsidy investigations on tires originating in Thailand, Vietnam, South Korea, and Taiwan, and domestic rubber additives companies are facing difficult times.

Some products have suffered serious losses

    The epidemic caused crude oil prices to plummet, but acetone, which is the main raw material of antioxidant TMQ and the upstream raw material of antioxidant 6PPD, went up against the trend. The price went from 5,600 yuan in January to 3,900 yuan in early April, and then went up all the way. Rise to 8400 yuan. However, the prices of antioxidants TMQ and 6PPD have not been able to keep up with the price of acetone. Most companies are in a state of loss, and profit margins have long been out of the question.

    While the price of antioxidants was running low, the price of accelerators also fell to the bottom. At present, CBS and TBBS, the mainstream products of accelerators, are in a sluggish market, and demand at home and abroad has fallen sharply. In order to maintain operation, companies are basically unprofitable to ship.

Guaranteed market expansion and application

    Due to the transmission effect of the industrial chain, even if the epidemic is over, the export situation is still not optimistic for a long time. In this regard, Wang Wenbo said that confidence is very important to the industry. The more difficult the moment, the more confidence it is to inspire. I believe that the industry will gradually pick up in the fourth quarter of 2020 and the global market will tend to be positive.