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    Home > Chemicals Industry > Rubber Plastic News > ANRPC: Global natural rubber demand is expected to increase by 7.2% in 2021

    ANRPC: Global natural rubber demand is expected to increase by 7.2% in 2021

    • Last Update: 2021-08-26
    • Source: Internet
    • Author: User
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      ANRPC's latest July report predicts that in 2021, global natural rubber production is expected to increase by 5.
    2% year-on-year to 13.
    782 million tons
    .
    Among them, Thailand increased by 6.
    9%, Indonesia increased by 2.
    8%, China increased by 18.
    5%, India increased by 13.
    9%, Vietnam decreased slightly by 0.
    3%, and Malaysia increased by 3%
    .
    Compared with the June forecast, Malaysia's production has been revised down by 30,000 tons
    .


      Global natural rubber production is expected to increase by 7.
    1% to 1.
    216 million tons in July
    .
    Among them, Thailand increased by 18.
    5%, Indonesia increased by 6.
    2%, Vietnam decreased by 15.
    1%, and Malaysia increased by 7.
    7%
    .


      With the relaxation of global containment measures, major economies are showing signs of recovery, which will result in global natural rubber consumption expected to increase by 7.
    2% year-on-year to 13.
    9 million tons in 2021
    .
    Among them, China increased by 2%, India increased by 10.
    5%, Thailand decreased by 10%, and Malaysia decreased slightly by 0.
    5%
    .


      Global natural rubber consumption is expected to increase by 5.
    4% to 1.
    146 million tons in July
    .
    Among them, China fell 1.
    7%, India fell 6.
    8%, Thailand fell 12.
    3%, and Malaysia fell 11.
    1%
    .


      In July, natural rubber spot market prices fluctuated
    .
    However, compared with the same period last year, the market for standard rubber, smoked sheet rubber and latex all showed signs of recovery
    .
    In terms of standard rubber, the average daily FOB price of STR20 has risen from US$1.
    28 per kilogram in July 2020 to US$1.
    61 per kilogram in July 2021
    .
    The average price of SMR20 is US$1.
    64 per kilogram, an increase of US$0.
    45 from July 2020
    .


      In terms of tobacco sheet glue, compared with July 2020, the deviation of the average daily FOB price between Bangkok RSS3 and India RSS4 in July 2021 has increased
    .
    In July 2020, it was US$0.
    16 per kilogram, and in July 2021, it was increased to US$0.
    42 per kilogram. .
    Due to the high demand for latex products including gloves during the pandemic, the price of latex in Kuala Lumpur has also increased from US$1.
    11 per kilogram in July 2020 to US$1.
    20 per kilogram in July 2021
    .


      In view of the fact that rubber is an indispensable commodity in all walks of life, especially its latex products used in the medical field to fight this virus
    .
    Although the natural rubber market is affected by other external factors, such as the growth of other commodity markets, oil, global economy, etc.
    , good natural rubber market fundamentals may offset its adverse effects
    .

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