Global Natural Rubber Demand Outpacing Supply Growth: ANRPC
Oct 24, 2018
Global demand for Natural Rubber outstripped supply by 874,000 tonnes during the first nine months ending September 30, the Association for Natural Rubber Producing countries (ANRPC) said.
The world consumption grew 6.6%, on a year-to-year basis, to 10.653 million tonnes from January 2018 to September 2018; While, the world production recorded a slower growth at 1.5% to 9.779 million tonnes, on a year-to-year basis, according to the ANRPC's latest Natural Rubber Trends and Statistics.
The physical rubber prices remain low despite such favourable market fundamental in the Natural Rubber market. The high inventory in the Shanghai Rubber Exchange and the warehouses in Qingdao Free Trade zone and other external factors have kept the sentiments down in Natural Rubber market, the association said.
Although commodities prices and markets edged higher when the hope of resumed talks between the US and China on the trade war matters during the mid-September 2018, but the worries and concern of slowdown in the Chinese economy from the trade war could deepens further between China and the US for their tariff policies, ANRPC said.