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ANRPC: Global natural rubber demand is expected to increase by 9.3% to 14.17 million tons in 2021

 Last Update: 2021-09-30
 Source: Internet
 Author: User

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ANRPC's latest August report predicts that in 2021, global natural rubber production is expected to increase by 2% year-on-year to 13.
86 million tons
.

Among them, Thailand decreased by 3.

Global natural rubber production is expected to increase slightly by 0.

9% to 1.

With the relaxation of global containment measures, major economies are showing signs of recovery, especially China and India
.

This results in global natural rubber consumption expected to increase by 9.
3% year-on-year to 14.

Global natural rubber consumption is expected to increase by 3.

4% to 1.

In August, both the spot and futures market prices of natural rubber showed a downward trend
.

Although there is a downward trend, the average FOB price of standard rubber has improved this month.
The average daily FOB price of STR20 has risen from US$0.

　　In terms of smoked sheet rubber, the average daily FOB price deviation between RSS3 in Bangkok and RSS4 in India further expanded in August.

It was 0.

　　In addition to fundamentals, natural rubber spot market prices are also affected by other external factors, such as inventory in the regional futures market, oil, and global economy.

However, good natural rubber market fundamentals may offset its adverse effects

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