The Association of Natural Rubber Producing Countries (ANRPC) is happy to release the Natural Rubber Trends & Statistics, July 2018.
World consumption of natural rubber (NR) increased by 5.2%, year-on-year, to 8.158 million tonnes during the seven months ended July 2018; while, the world production of NR rose 3.7%, year-over-year, to 7.372 million tonnes during the first seven months of 2018. These figures reveal a short fall in production at 786,000 tonnes during the first seven months of 2018.
Unfavourable weather condition and prevailing low rubber prices have resulted in a production fall in Malaysia, Vietnam, India and Sri Lanka during the first seven months of 2018. As a result from the continuing severe monsoon and floods among producing countries, some of the countries are likely to revise-down the production for 2018, where the anticipated growth in production for 2018 may be lower than 5.2%.
The sentiments, both in the futures markets and physical markets, have been largely dominated by the concerns over the worsening trade-war between the US and China coupled with further building up of the inventory at the designated warehouses of the Shanghai Rubber Futures Exchange.
The analysis and data given in this publication could help to closely understand the prevailing situation in the market and the emerging scenario. ANRPC owes a debt of gratitude to its statistical correspondents in the member countries and the esteemed users of this publication.
Dr. Nguyen Ngoc Bich