Global natural rubber production expected to increase by 3.7% and consumption by 5.2% in September 2022

ANRPC's latest September report predicts that global glue production in September is expected to increase by 3.
7% to 1.
38 million tons, an increase of 5.
1% from the previous month; Tianjiao consumption is expected to increase by 5.
2% to 1.
267 million tons, an increase of 6.
6%
over the previous month.

In 2022, the global production of tianjiao is expected to increase by 2.
3% year-on-year to 14.
376 million tons
.
Among them, Thailand increased by 0.
9%, Indonesia increased by 2.
9%, China increased by 1.
8%, India increased by 12.
3%, Vietnam decreased by 1.
3%, and Malaysia decreased by 14.
8%.

In 2022, the global consumption of tianjiao is expected to increase by 2.
6% year-on-year to 14.
786 million tons
.
Among them, China decreased by 1.
2%, India increased by 2.
7%, Thailand increased by 44.
1%, and Malaysia increased by 3.
2%.

The report pointed out that in addition to external factors such as the decline in Brent crude oil prices and a weak global economic outlook, the oversupply during this period may lead to price fluctuations
in the rubber spot market and futures market.
Following the Fed's recent rate hikes, it also signals another rate hike at its two meetings before the end of the year to combat the firm determination
of stubborn inflation in the United States.
This has led to the appreciation of the US dollar against emerging currencies
.
Given the strength of the dollar, this has also pushed rubber prices down, as the currencies of most major producing countries have weakened
against the dollar.

From: China Rubber Information Trade Network