By TT News| Sep 21, 2021

ANRPC Revises NR Demand for 2021

In anticipation of better demand from China, India, Thailand and Viet Nam, the Association of Natural Rubber Producing Countries (ANRPC) has revised its outlook for natural rubber demand to 14.100 million tonnes in 2021, an increase of 9.3 percent on a year-to-year basis.
The association also revised production to 13.860 million tonnes with 2 percent growth compared to the previous year. It added that apart from the market fundamental in NR, physical rubber prices were also influenced by other external factors such as development in the oil sector, inventories in regional futures markets, the strength of exporting NR countries and any other regional political developments. 
Both physical and futures NR markets have posted downward price trends during August 2021. Despite such downward trends, the average FOB price in the block rubber market has improved this month. The average FOB price of STR-20 rose US$0.11 per kg to US$1.72 per kg, while the SMR-20 price improved US$0.09 per kg to US$1.73 per kg during the reference period. 
The same observations were also shared in rubber sheet markets, however the price deviation between RSS-3 in Bangkok and RSS-4 in Kottayam has widened further approximately US$0.60 per kg during August 2021 as compared to US$0.50 per kg recorded in July 2021.

Share This Article

Please login to add a comment

Article Reviews

Subscribe to our Magazines

Get the latest news in the Automotive & Tyre industry.