Natural Rubber Trends September 2021 released by ANRPC
The Association of Natural Rubber Producing Countries (ANRPC) recently releasedd the Natural Rubber Trends, September 2021.
ANRPC’s outlook for world natural rubber (NR) has been revised downward as member governments updated its figures for 2021. According to the Association, the lower growth anticipated in world production at 1.4% amounting to 13.787 million tons; while the world demand expects 8.9% growth to 14.116 million tonnes during 2021. Some downward adjustments made by member governments in their latest estimates.
ANRPC says despite the positive market fundamental in the NR market, the prices of NR in physical and futures market have been bearish in September 2021 as compared to previous month. The average of FOB price in block rubber market have posted a contraction of 5% in Bangkok and Kuala Lumpur market. While price deviation between RSS-3 in Bangkok and RSS-4 in Kottayam has reduced from US$0.60 per kg to US$0.52 per kg towards the end of the month. Both markets also posted a lower average price during this same reference period.
Press release by ANRPC.