ANRPC presents natural rubber report for the first half of 2019
The Association of Natural Rubber Producing Countries (ANRPC) reported on 18 October that the global demand for natural rubber (NR) has seen 0.8 percent growth reaching almost 7 million tons, whereas its supply dropped over 8 percent to some 5.8 million tons during the first six months of this year.
NR market, however, is still pressured by US-China trade row and unstable situation in Middle East. This can further affect natural rubber trends. There have been speculations on the market that the Fed would have cut rates that would particularly target equity sector. Nonetheless, the Fed kept its rate unchanged. The factor of the US-China trade war forced traders to maintain conservative trading positions.
Article by ANRPC.