Thai Rubber Association said that the current Thai rubber shipments to China does not seem to be the impact of China's economic growth slowed, due to the Chinese automotive industry demand remains strong.
The first five months of this year, Thailand and Hong Kong to the Chinese mainland shipping rubber worth 49.37 billion baht, an increase of 9.49% compared to the same period last year. The country's rubber exports have been reduced 14.78 percent year on year. Although the first five months of this year, Thailand's rubber exports decline, but the overall export volume this year is expected at least to flat at last year's level, but exports fell 20%, or 25%, mainly involved in the global rubber demand is low and the Thai baht higher.
This year China is expected to import 1.8 million tons up from natural rubber in Thailand, higher than last year's 1.6 million tons imported; Thai exports this year, more than 3.2 million tons of rubber material, slightly higher than last year's 3.1 million tons; Thai rubber exports this year material for the 250 billion baht, down from last year's 270 billion baht; Thailand's natural rubber production is expected this year is 380 million tons, higher than last year's 3.6 million tons.
Early in June, the Thai government said the country's rubber export restriction policy expires at the end of May, no longer continue. Thailand, Indonesia and Malaysia had agreed since October 2012 began to cut 300,000 tons of rubber exports, the plan expires in March this year, but said it would continue to implement Thai rubber exports restrictive measures two months. Thai RSS3 grade rubber in February 2012 hit a record high of $ 6.40 / kg, but after that weak global demand dragged down rubber prices fell in mid-2012 about half to $ 2.75 / kg. This leads to the three countries since last October began to restrict rubber exports, these restrictions also make Vietnam over Malaysia in 2012, becoming the world's third largest rubber exporter.