Metallurgy / Chemicals / Rubber & Plastics

ANRPC's latest September report predicts that in 2021, global natural rubber production is expected to increase by 1.4% year-on-year to 13.787 million tons. Among them, Thailand decreased by 3.9%, Indonesia increased by 2.8%, China increased by 21.4%, India increased by 15.3%, Vietnam decreased by 2.1%, and Malaysia increased by 3%.

Global natural rubber production is expected to increase by 2.2% to 1.297 million tons in September. Among them, Thailand fell 5.6%, Indonesia increased 4.7%, Vietnam increased 13.3%, and Malaysia increased 19%.

In 2021, global natural rubber consumption is expected to increase by 8.9% year-on-year to 14.116 million tons. Among them, China increased by 5.4%, India increased by 14.4%, Thailand decreased by 4.6%, and Malaysia decreased by 1.8%.

Global natural rubber consumption is expected to fall by 2.3% to 1.155 million tons in September. Among them, China fell 9%, India fell 16.3%, Thailand fell 16.1%, and Malaysia fell 6.1%.

In September, despite the positive market fundamentals in the natural rubber market, compared with the previous month, prices in the natural rubber spot and futures markets have been bearish. FOB prices in Bangkok and Kuala Lumpur standard rubber markets shrank by an average of 5%. The price deviation between RSS3 in Bangkok and RSS4 in India has dropped from US$0.6 per kilogram to US$0.52 per kilogram at the end of the month.

The COVID-19 pandemic has existed for nearly two years, and countries have tried to help people and businesses through various programs to stimulate the post-pandemic economy. Although countries have increased their vaccination rates in order to achieve herd immunity, the possible threat of an outbreak of COVID-19 Delta variants still exists.