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ANRPC: Natural rubber demand will depend on the relief of tight electricity supply

 Last Update: 2022-01-11
 Source: Internet
 Author: User

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According to a foreign media report on October 13, the Association of Natural Rubber Producing Countries (ANRPC) recently stated in a report that the global natural rubber demand will depend on how long the shortage of electricity supply will take and whether it will be effectively alleviated in the short term
.
It is expected that the tightness of power supply in the fourth quarter may ease
.

According to the report, China's consumption of natural rubber in August was about 507,000 tons, and that of natural rubber in September was about 500,000 tons; China is expected to import 1.
267 million tons of natural rubber in the fourth quarter, and total imports this year are expected to be 4.
92 million tons.

.

ANRPC stated in the report that the rebound in natural rubber demand and the relaxation of control measures related to the epidemic in Japan may partly offset the impact of the tight power supply
.
Although the tight chip supply has adversely affected the automobile manufacturing industry, this situation is expected to change in the fourth quarter
.
In addition, rising international crude oil prices are expected to support natural rubber prices
.

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