China's rubber acid industry declined
Statistics from China Rubber Industry Association showed that there were 5.9 billion yuan of sales revenue realized by 42 important rubber acid producers in the first four months, yearly decreasing 19.86% compared to the same period of 2019.
According to the statistics, there were 382,800 tons of rubber acid produced in the first four months, yearly decreasing 12.71%, and realizing 1.477 billion yuan of export value, yearly diving 38.1%.
Analysts said that China's rubber acid production took 75% of global production, and exported over 300,000 tons of rubber acid all over the world. However, with COVID-19 outbreaking abroad, Chinese rubber acid export plunged in April.
Most of rubber aid company sold production without profit, some of them even stopped production.
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