By TT News| Oct 14, 2020

ANRPC publishes natural rubber trends & statistics September 2020

The world production of natural rubber (NR) fell 8.7%, year-over-year, during Jan-Aug 2020 to 7.778 million tonnes, said The Association of Natural Rubber Producing Countries (ANRPC).

Accounting a 3.8% fall anticipated in the remaining four months of the year, the total production during the full year 2020 is anticipated at 12.901 million tonnes reflecting a 6.8% fall from the previous year. This revised outlook of the world supply in 2020 is 1.9 percentage points lower than the outlook reported a month ago which was 13.149 million tonnes by representing a 4.9% fall, added ANRPC.

The world consumption of NR fell 11.7%, year-over-year, to 8.151 million tonnes during Jan-Aug 2020. In view of restoration of economic activities across countries, and a faster-than expected economic recovery in China, the consumption sector is anticipated to perform relatively better during the remaining four months of the year by contracting only by 1.8%, year-over-year during the period. The world consumption outlook for the full year 2020 is marginally scaled up to 12.611 million tonnes by representing an 8.4% fall from the previous year. The outlook for 2020 reported a month ago was 12.544 million tonnes by representing an 8.9% fall from the previous year.

ANRPC said that broadly speaking, NR prices further improved during September 2020, at varying degrees across different grades and different physical markets. Among the various grades and markets, RSS3 grade at FOB Bangkok glared during September 2020 by averaging at 13.8% above the average it registered in the previous month (August 2020).  Compared to the average prices in August 2020, the average prices during September 2020 were up 5.9% for STR20 at FOB Bangkok, 4.7% for SMR20 at FOB Kuala Lumpur, 3.5% for RSS4 at Kottayam local market in India, and 4.6% for latex-in-bulk at Kuala Lumpur local market. 

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