Market News

    ANRPC releases Natural Rubber Trends August 2021

    Refer to the updates from member countries, the outlook for world demand on natural rubber (NR) is estimated to grow by 9.3%, on a year-to-year basis, to 14.100 million tonnes in 2021. The revised outlook is attributed to a better anticipated demand from China, India, Thailand and Viet Nam during the year. While the world production revised to 13.860 million tonnes with 2.0% growth as compared to the previous year. Apart from the market fundamental in NR, physical rubber prices were also influenced by other external factors such as development in oil sector, inventories in regional futures markets, strength of exporting NR countries and any other regional political developments.