ANRPC: Global natural rubber demand will increase significantly in 2021

Recently, ANRPC released the August report on the global natural rubber market. The report pointed out that in 2021, the global natural rubber production and demand will show an increase, but it will still be affected by other economic factors.

ANRPC report shows that in 2021, global natural rubber production is expected to increase by 2% year-on-year to 13.86 million tons. Among them, Thailand decreased by 3.5%, Indonesia increased by 2.8%, China increased by 21.4%, India increased by 15.3%, Vietnam increased by 2%, and Malaysia increased by 3%. In August, global natural rubber production increased slightly by 0.9% to 1.238 million tons. Among them, Thailand fell by 4.8%, Indonesia increased by 4.2%, Vietnam remained flat, and Malaysia increased by 1%.

With the relaxation of global restrictions, major economies are showing signs of recovery, especially China and India. ANPRC predicts that global natural rubber consumption in 2021 will increase by 9.3% year-on-year to 14.166 million tons. Among them, China increased by 4.7%, India increased by 14.4%, Thailand decreased by 4.6%, and Malaysia decreased slightly by 0.5%.

In August, global natural rubber consumption increased by 3.4% to 1.135 million tons. Among them, China fell 4.6%, India fell 10.7%, Thailand fell 14.5%, and Malaysia fell 9.8%.

In August, both the spot and futures market prices of natural rubber showed a downward trend, but the average FOB price of standard rubber improved this month. The average daily FOB price of STR 20 rose by US$0.11 per kilogram to US$1.72; the average price of SMR20 It rose by US$0.09 per kilogram to US$1.73. In terms of smoked sheet rubber, the average daily FOB price deviation between Bangkok RSS3 and India RSS4 was further expanded in August. It was 0.5 US dollars per kilogram in July and increased to 0.6 US dollars per kilogram in August.