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Hainan Rubber prices was pincer attack

By the continued hot dry climate, Hainan Province in the southwest drought lit “red.” June 15, Chinese Academy of Agricultural Sciences tropical rubber industry researcher at the Institute of Industrial Economics Mo industry Yong told reporters, gum forest area affected by drought in Hainan province is about 80 hectares, of which Hainan State Farms Group has nearly 40 million mu of rubber It’s affected. Since late May, resulting in Hainan province’s drought dry rubber production decreased over 10,000 tons.

June 12, listed companies in Hainan Rubber announced that the company has to arid areas as a temporary rubber tree cut off, the drought will be the company’s rubber production is expected to have some impact.

Within two months of dry rubber production fell tons

It is understood that this year, Hainan rainfall significantly reduced compared with previous years, continued hot and dry weather has caused Hainan bananas, mangoes and other crops death drought situation arise. As the domestic rubber-producing provinces, the affected crop natural rubber inevitable.

June 12, Hainan Rubber announced on drought, affected by the drought, the company base in the western region branch of the individual circumstances of rubber trees appear yellow leaves or leaves, in order to protect the rubber from the loss of assets, the company adopted a temporary rubber tree for arid areas cut off, pull the water irrigation and other conservation measures, as far as possible the effects of drought on the company’s minimum.

Hainan drought has seriously affected agricultural production in western Hainan, according to “Hainan Daily” reported that Hainan Rubber’s located in Changjiang, white sands, Ledong area of nine branches, rubber production are subject to different degrees. Hainan Rubber Honglin branch has been fully stop cutting, reduce the monthly output of about 500 tons dry rubber, loss of 700 million yuan.

Mo Yong told industry reporters, mainly in Hainan arid Southwest, the affected gum forest area of nearly 80 acres, including the Hainan State Farms Group’s 40 acres of rubber trees. “In addition to the southwest, the other eastern Hainan relatively normal precipitation.”

Mo Yong said the drought in Hainan rubber industry in the short term will be affected. May reduce the province’s dry rubber yield 4,000 to 5,000 tons, in June is expected to decrease from 6000 to 7000 tons. Two months down, drought has reduced yields resulting adhesive Hainan over 10,000 tons. “Drought conditions occurred previously, but according to past experience, in late July the rainy season comes, the situation has improved.” Mo Yong told reporters.

Temporarily can not predict the impact on performance

Hainan Rubber secretaries Dongjing Jun said high temperatures and drought in various parts of Hainan Province, the prevalence of Hainan rubber, the drought is more serious in western, part of the base branch has been cut off.

Dongjing Jun told reporters that the drought impact on Hainan Rubber Rubber production will. But how much the specific yield reduction is expected to impact on the performance of Hainan Rubber cause like, Dongjing Jun represent temporarily not respond, wait for the announcement disclosed.Impact of drought on the company’s annual operating results are also temporarily unable to predict.

To be sure, drought caused by cutting off the rubber production in Hainan Rubber will decline. This is still in the doldrums rubber prices as a “struggle” Hainan rubber, is undoubtedly worse.

Qiongzhong Fukushima rubber cooperatives chairman Zheng Zhongguang told reporters that the current rubber prices are still very weak, Hainan island rubber purchase price at about 12,000 yuan to 1.3 yuan / ton.

Hainan Rubber first quarter report shows that from January to March, the company achieved operating income of 1.65 billion yuan, down 16.3%, while net profit attributable to shareholders of listed companies to -1.10 million, up sharply 1602.2%.

Dongjing Jun said the January to March is a rubber stop cutting period, the first quarter in the parking stage, no rubber output in previous years as well. Decline in revenue and net profit in the first quarter mainly due to lower prices due to the rubber market.

For rubber production decreased ability to have a positive impact on rubber prices, Mok Yong said the industry, some factories reduced production resulting in delayed delivery of rubber prices have a role in promoting, but not expected. Dongjing Jun also said that if the drought of good rubber price depends on the market reaction.

Zheng Zhongguang said that if rubber prices can enhance protection efforts depends on the policy of the current situation, the possibility of this year’s estimate rubber prices to rise sharply. According to the disclosure, Qiongzhong there are still 10% to 20% of the gum forest was abandoned because rubber prices slump cut.

Qinrex