According to data released by the China Association of Automobile Manufacturers on the 14th, in September, China's automobile production and sales volume reached 3.276 million and 3.226 million respectively, an increase of 16.4% and 12.9% month on month and 17.1% and 14.9% year-on-year, respectively.

Automobile production and sales increased by 16.4% and 12.9% month on month, and 17.1% and 14.9% year-on-year, indicating an increase in tire demand; Butyl rubber is mainly used for automotive inner tubes and seals, and the growth in demand will push up spot prices, but its application share is relatively small and the benefits are limited.

The strong growth in automobile production and sales has driven an increase in demand for tires, and styrene butadiene rubber, as a key raw material for tire manufacturing, has seen a significant increase in demand; It is expected that spot prices will rise, which is favorable for bulls, based on demand growth data and industry application characteristics.

The growth of automobile production and sales has increased the demand for oil resistant components. Nitrile rubber is mainly used for automobile seals and hoses, and the increase in demand has a positive impact on spot prices; But the application scope is relatively narrow, and the degree of benefit is average.

Double digit growth in automobile production and sales directly stimulates tire demand, with butadiene rubber being the core material of tires. Increased demand will push up spot and futures prices; Futures data shows recent price fluctuations, but new data supports future rebounds, indicating a high level of positive sentiment.

The growth of automobile production and sales by 16.4% and 12.9% has significantly increased the demand for tires. As natural rubber is the main raw material, spot prices are expected to rise due to demand; The futures market has recently experienced a decline in prices, but new data is positive for future trends, supporting long positions.

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