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2018-E-NEWS NO.09


News Express :

In the first three quarters of 2018, the improvement quality and efficiency and innovative development of the tire industry in Shandong Province have achieved great results, and the economic operation of the industry has maintained a steady growth. Tire output in September this year was 35,545,000 units, increasing by 4.75% compared with last year, among which radial tires output was 30,306,000 units, increasing by 6.01% compared with last year. Tires output from January to September reached 300,788,000 units, increased by 4.97% compared with last year. Among them, the output of radial tires reached 252,159,000 units, increasing by 3.85% compared with last year. According to Qingdao customs statistics, tire export prices rose in the first three quarters of this year. From January to September, 180,000,000 units of tires were exported, increasing by 4% and 4.8% compared with last year, respectively. Since the third quarter, tire export prices have continued to go up, reaching the highest in recent years.

National Development and Reform Commission (NDRC) has released the survey on the performance of chemical industry for the first three quarters. In the first three quarters of this year, the added value of the chemical industry increased by 3.8% compared with last year, with a flat growth rate. Of the major products manufactured, the output of SR reached 4,010,000 units, increasing by 7.5% compared with last year; the output of synthetic fiber reached 33,370,000 units, increasing by 8.3% compared with last year; the output of tires reached 647,420,000 units, increasing by 1.4% compared with last year.

Recently, China Rubber Information Trade Network announced that due to the rapid changes of statistical scope and large changes in inventory data, which have a great impact on the market, inventory data has stopped updating temporarily since November 1.

According to the General Administration of Customs of China, NR (including latex) imports of October 2018 reached 547,000 tons, and imported amount reached RMB 5,760,000,000. NR and SR (including latex) imports from January to October reached 5,667,000 tons, increasing by 0.4% compared with last year; the cumulative amount reached RMB 60,120,000,000, decreasing by 18.6% compared with last year. 

Recently, Red Avenue released the third quarter report of 2018. The company's operating income and net profits attributable to the listed company shareholders have increased significantly. According to the announcement, the company's total operating income in the first three quarters of this year reached RMB 1,630,000,000, increasing by 16.99% compared with RMB 1,394,000,000 of last year. Its net profits from returned shares reached RMB 323,000,000, increasing by 44.63% compared with RMB 223,000,000 of last year.

Recently, Michelin Group signed a letter of intent for strategic procurement cooperation with China Coal Group, CHN Energy and Jiangxi Copper Corporation, three major domestic mining groups, at the China International Import Expo held in Shanghai. Michelin will become the preferred supplier of giant mining tires.