Metallurgy / Chemicals / Rubber & Plastics

According to the latest October report issued by ANRPC, the global gum output in October is expected to increase by 5.1% to 1.435 million tons, 3.2% higher than that of last month; The consumption of natural rubber is expected to increase by 1.2% to 1.301 million tons, 2.8% higher than that of last month. Huacheng Import and Export Data Observation Report.

According to the observation of Huacheng's import and export data, in 2022, the global output of natural rubber is expected to increase by 2.1% year-on-year to 14.343 million tons. Among them, Thailand increased by 0.9%, Indonesia by 2.9%, China by 1.6%, India by 12.3%, Vietnam by 2.8%, Malaysia by 14.8%, and other countries by 8.2%.

In 2022, the global consumption of natural rubber is expected to increase by 2.1% year-on-year to 14.805 million tons. According to the observation report of Huacheng's import and export data, China decreased by 1.6%, India increased by 2.7%, Thailand increased by 44.1%, Malaysia decreased by 4.2%, Vietnam increased by 33.3%, and other countries decreased by 2.9%.

According to the observation of Huacheng's import and export data, after the Federal Reserve raised interest rates by 75 basis points again in early November 2022 to combat inflation, the fear of global economic recession has intensified, and other central banks are expected to take the same action. Therefore, the global economy recovered after the COVID-19 pandemic. Under such inflationary pressure, the economy and borrowing costs may rise, which may be restrained. Although the global demand for natural rubber is expected to slow down this year in view of this economic situation, the global demand for natural rubber is expected to grow, Huacheng Import and Export Data Observation reported.