ANRPC issues natural rubber statistics for May 2019
ANRPC recently announced the release of its new Natural Rubber Trends and Statistics. Based on ANRPC’s preliminary estimates, the world production of natural rubber (NR) registered a fall of 6.5% (4.930 million tons) during the first five months of 2019, on a year-to-year basis. Meanwhile, the world consumption recorded 5.789 million tons, 0.9% increase (5.376 million tons) during the same period last year. This favorable market fundamentals have kept the sentiment in NR market strong despite the tension between China and US, ANRPC reports.