ANRPC reports growth in natural rubber prices

natural rubberThe Association of Natural Rubber Producing Countries (ANRPC) in Kuala Lumpur reports appreciation in blocked natural rubber prices (NR) and latex in the first three quarters of 2016. ANRPC attributes appreciation to a favorable supply-demand fundamentals and recovery of oil prices.

ANRPC’s Natural Rubber Trends & Statistics for September claims that the aggregate consumption of NR among its members accounts to some 65 percent of global consumption, and yet it increased by 3.5 percent over the past year. However, total NR production in ANRPC’s member countries remained stagnant during the first 3 quarters. 11 member countries of the Association account for 90 percent of total global NR output.

Notwithstanding, according to the keynote address at the National Rubber Economic Conference 2016 in Kuala Lumpur, long-term prospects of NR prices remain unstable. “Global supply of NR would continue to exceed demand” – claims forecast of Ku Kok Peng of the Academy Hevea Malaysia.

In the time frame from 2015 to 2025, world consumption of NR is expected to grow at the annual rate of 3 percent, whereas supply will grow by only 2.9% per year. However it is possible that the NR market would turn to oversupply over the next two years approaching parity in 2022 and 2023.

Tire recyclers, rubber powder and recycled rubber goods manufacturers should account for the changing NR prices, as they profoundly affect recycled rubber prices.

Article source: European Rubber Journal

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