May 19, 2024

Tyre Enterprises Call for Cancellation of 20% Tariff on Natural Rubber


Some companies are calling for the cancellation of 20% of the import tariff on natural rubber (hereinafter referred to as “Tianjiao”). Yesterday, the reporter learned from a person in charge of Zhongze Tire Co., Ltd. that relevant associations and enterprises currently submitted proposals to management, but the relevant departments have not yet decided to cancel this tariff.

The above-mentioned person in charge of Zhongce Tire Co., Ltd. told reporters that the cancellation proposal for natural rubber import tariffs has continued for several years.

According to statistics, in September this year, China’s natural rubber imports amounted to 180,000 tons, an increase of 5.9% from the previous month's imports. From January to September, the domestic natural rubber imports amounted to 1.67 million tons, an increase of 5.5% over the same period of last year.

The above-mentioned China Tire Tire Co., Ltd. said that some companies may avoid the 20% import duty by importing natural rubber and then deep processing and exporting tires.

According to customs statistics, of the 1.86 million tons imported natural rubber in 2010, only 140,000 tons of natural rubber were imported under general trade. Yang Shaopin, president of the China National Natural Rubber Association, also said that in 2012, the import of natural rubber was about 3 million tons (including 1.33 million tons of compound glue), of which about 85% were imported.

In 2012, China's natural rubber consumption amounted to more than 4.1 million tons, accounting for 36.8% of the world's total consumption, but its total domestic production was only over 800,000 tons. The reason why the natural rubber industry has not been able to produce a large amount of production in our country, Yang Shaopin seems to be mainly because the domestic hotspot area is insufficient, only 480,000 square kilometers, and the area suitable for rubber tree growth is more limited.

An insider of a tire company in Shandong told the newspaper that the company uses almost all steel radial and passenger car tires made of natural rubber, and that natural rubber accounts for about 40% of the company's cost. An insider of Giti Tire said in an interview with reporters that at present, the proportion of natural rubber purchased is relatively large. If the import tariff is cancelled, customers may also take up the product price of natural rubber—tire price, so it is hard to say how much it will save. cost. However, the person in charge of Sinosteel Tire said that if the tariff is cancelled, the biggest beneficiary may be a company that sells tires directly in the country, and it will still help the tire company to reduce some of the costs.

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