ANRPC: Global natural rubber production to increase by 3.7% and consumption by 5.2% in September 2022

AMREC's latest September report predicts that global rubber production is expected to increase by 3.
7% to 1.
38 million tons in September, an increase of 5.
1% over the previous month.
Tianjiao consumption is expected to increase by 5.
2% to 1.
267 million tons, an increase of 6.
6%
from the previous month.

In 2022, global rubber production is expected to increase by 2.
3% year-on-year to 14.
376 million tons
.
Among them, Thailand increased by 0.
9%, Indonesia increased by 2.
9%, China increased by 1.
8%, India increased by 12.
3%, Vietnam decreased by 1.
3%, and Malaysia decreased by 14.
8%.

In 2022, global rubber consumption is expected to increase by 2.
6% year-on-year to 14.
786 million tons
.
Among them, China fell by 1.
2%, India increased by 2.
7%, Thailand increased by 44.
1%, and Malaysia increased by 3.
2%.

The report notes that in addition to external factors such as falling Brent crude oil prices and a weak global economic outlook, oversupply during this period may have caused price fluctuations
in the rubber spot market and futures markets.
The recent Fed hike also bodes well for another rate hike in the two meetings before the end of the year to counter stubborn inflation in the United States
.
This has led to the appreciation of the US dollar against the currencies of emerging countries
.
Given the strength of the dollar, this also caused rubber prices to fall, as the currencies of most major producing countries have weakened
against the dollar.