The Association of Natural Rubber Producing Countries releases the "Natural Rubber Trends & Statistics
" for July 2017.
From Secretary-General's Desk
For the first seven months of 2017, the world production of natural rubber (NR) amounted to 6.838 million tonnes, including non-ANRPC member countries; while the world consumption recorded at 7.486 million tonnes. This has resulted deficit in world supply of 648,000 tonnes in July 2017. The favourable supply-demand fundamental from the deficit was unlikely to overrule the physical prices over negative sentiments in the NR market such as higher rubber inventories and stronger yen.
During the month of July 2017, NR physical prices have gradually improved followed by the recovery in crude oil price, especially during the first three weeks in July 2017. This has also narrowed the price difference between the two major TSR grades, STR-20 and SMR-20. The rebound of NR prices was hit by the negative sentiment of higher rubber inventories in regional futures markets. As a result, NR prices fell sharply and projected a downward trend in price over the last week in July 2017 across key physical markets in Thailand and Malaysia.
ANRPC is organizing its 10th ANRPC Annual Rubber Conference with the theme of “Reengineering Value Chain for Revitalizing Production Sector” which focus on supply chain efficiency on 23 October 2017 (Monday). The conference will be hosted by Government of Vietnam in Ho Chi Minh City, Vietnam. The one-day event, to be attended by about 300 rubber industry players, analysts and policy-makers from 15 countries, provides an international meeting point for the world rubber fraternity to deliberate on issues confronting the sector and identify appropriate policy measures. The registration for the conference will be opened by mid- August 2017. For subscribers who interested to attend for the said conference may contact the Secretariat for more details about the conference.
With the objective of providing updated trends and emerging developments in natural rubber sector, ANRPC provides through this issue of Natural Rubber Trends and Statistics, the figures of supply and demand for NR during the period up to July 2017 and the anticipated monthly figures for the year 2017, covering all ANRPC Member Countries.
Before I conclude, I place on record sincere gratitude of the ANRPC to its statistical correspondents in Member Governments for timely making available required data and forecasts. I also thank all esteemed users of the publication for the continued support.
Dr. Nguyen Ngoc Bich