The global demand for natural rubber is expected to increase by 9.3% to 14.17 million tons in 2021
Release time:
2021-09-26
Source:
Website
The latest August report released by ANRPC predicts that the global natural rubber output will increase by 2% year-on-year to 13.86 million tons in 2021. Among them, Thailand decreased by 3.5%, Indonesia increased by 2.8%, China increased by 21.4%, India increased by 15.3%, Vietnam increased by 2% and Malaysia increased by 3%.
In August, the global output of natural rubber increased slightly by 0.9% to 1238000 tons. Among them, Thailand decreased by 4.8%, Indonesia increased by 4.2%, Vietnam remained unchanged and Malaysia increased by 1%.
With the relaxation of global containment measures, there are signs of recovery in major economies, especially China and India. As a result, the global consumption of natural rubber is expected to increase by 9.3% year-on-year to 14.166 million tons in 2021. Among them, China increased by 4.7%, India increased by 14.4%, Thailand decreased by 4.6% and Malaysia decreased slightly by 0.5%.
In August, the global consumption of natural rubber is expected to increase by 3.4% to 1.135 million tons. Among them, China decreased by 4.6%, India by 10.7%, Thailand by 14.5% and Malaysia by 9.8%.
In August, the spot and futures market prices of natural rubber showed a downward trend. Although there is a downward trend, the average FOB price of standard glue this month has improved, and the daily average FOB price of str20 has increased by US $0.11 to US $1.72 per kilogram; The average price of SMR20 increased by US $0.09 to US $1.73 per kilogram.
In terms of cigarette glue, the average daily FOB price deviation of RSS3 in Bangkok and rss4 in India further expanded in August, reaching US $0.5 per kilogram in July and US $0.6 per kilogram in August.
In addition to the fundamentals, the price of natural rubber spot market is also affected by other external factors, such as inventory in regional futures market, oil, global economy, etc., but a good fundamentals of natural rubber market may offset its adverse effects.
Shanxi Beihai Rubber Co., Ltd.
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