ANRPC is happy to release the Natural Rubber Trends & Statistics, June 2019.
From Secretary-General's Desk
The world supply of natural rubber (NR) fell 8.3% to 5.853 million tonnes during the first half of 2019, on a year-to-year basis; While, the world demand increased 0.8% to 6.933 million tonnes during the same reference period. Despite the presence favourable market fundamental particularly in physical rubber market, the other external factors such as uncertainties of the China – US trade war, rising tension in Middle East and the slowdown in Chinese economy, also played a role in NR market.
Nevertheless, the market has been speculated by the expectation on rates cut by the Federal Reserve, especially in equity market. The Federal Reserve has then announced to remain the rate in the June meeting instead. The worries over the escalated trade war tension between China and US has made the traders remain conservatives in trading position.
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