The Association of Natural Rubber Producing Countries (ANRPC) is happy to release the Natural Rubber Trends & Statistics, September 2018.
From Secretary-General's Desk
The world consumption grew 6.6%, on a year-to-year basis, to 10.653 million tonnes from January 2018 to September 2018; While, the world production recorded a slower growth at 1.5% to 9.779 million tonnes, on a year-to-year basis. This resulted to a supply deficit of 874,000 tonnes during the same reference period based on these statistics.
The physical rubber prices remain low despite such favourable market fundamental in the NR market. The high inventory in the Shanghai Rubber Exchange and the warehouses in Qingdao Free Trade zone and other external factors have kept the sentiments down in NR market.
Although commodities prices and markets edged higher when the hope of resumed talks between the US and China on the trade war matters during the mid-September 2018, but the worries and concern of slowdown in the Chinese economy from the trade war could deepens further between China and the US for their tariff policies.
The 11th ANRPC Annual Rubber Conference was held on 8 October 2018 (Monday) at The Riverie by Katathani Collection, Chiang Rai Province of Thailand, hosted by the Rubber Authority of Thailand on behalf of the Government of Thailand. The event with the theme “Adapting the Emerging Megatrends” was attended by approximately 200 participants across 11 countries among the rubber fraternity. Deliberation on the megatrends and sustainability of the industry were the focus of the one-day conference.
I am happy to announce that the 48th Session of ANRPC Assembly and the 11th ANRPC Annual Rubber Conference 2018 concluded successfully and looking forward for our next Session of ANRPC Assembly and the 12th ANRPC Annual Rubber Conference to be hosted by Government of Indonesia in 2019.
The analysis and data given in this publication could help to closely understand the prevailing situation in the market and the emerging scenario. ANRPC owes a debt of gratitude to its statistical correspondents in the member countries and the esteemed users of this publication.
Dr. Nguyen Ngoc Bich