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Recently, the Organization of Natural Rubber Producing Countries (ANRPC) released a report on the rubber market, stating that as the Chinese market is expected to increase purchases in the coming weeks, the price of natural rubber may rise further
From August to November this year, China is expected to consume about 500,000 tons of natural rubber per month, and China's domestic production can meet about 115,000 tons
ANRPC said that as Chinese rubber consumer companies prefer to purchase from domestic warehouses in China, the total natural rubber inventory in China's warehouses has fallen sharply
Due to the global rebound of the new crown pneumonia epidemic, low vaccination rates, and restrictions on government lockdown measures, it is expected that the total amount of natural rubber from Thailand, Indonesia, Malaysia and Vietnam will decrease