Natural Rubber's Tightening Supply Situation Might Continue to 2018 Posted On : Sep-28-2011 | seen (98) times | Article Word Count : 443 |
The senior economist of this organization claims that the tightening supply situation of global natural rubber might go on for a few years till 2018 because the growth of natural rubber production is pretty mild. According to the announcement made by the ANRPC that since the production of the several major rubber producing countries have failed to meet the increasing demand of global tire manufacturers and PTFE rod makers Wayne Gretzky Oilers Jersey , the tightening natural rubber supply situation might continue to cloud the economy in the coming seven years.
The senior economist of this organization claims that the tightening supply situation of global natural rubber might go on for a few years till 2018 because the growth of natural rubber production is pretty mild.
The natural rubber association in Thailand believes that the price of PTFE rod in next year is likely to keep this good momentum of increasing due to the restriction imposed on the natural rubber production by the rainfalls.
In addition, the senior economist declares that the natural rubber trees in a majority of ANRPC countries were planted in the 80s of last century. It is expected that the necessity of renewing the rubber tree cultivation from 2012 to 2018 will cause the acreage of global Ptfe film cultivation to decline. The continuous increase in natural rubber price in the past two years has stimulated a large portion of ANRPC member countries to slow down their rubber tree cultivating pace. The aging rubber tree is expanding its percentage at a fast speed.
On the one hand, the global demand growth has exceeded that of the supply and on the other hand Connor McDavid Oilers Jersey , the two global rubber producers in the world, Thailand and Indonesia's encountering of flood has dramatically lowered the production of natural rubber. Under this situation, Tokyo rubber had broken the record of 535.7 yens (6768 dollars per ton) per kilogram on February 18 this year. On July 20 Leon Draisaitl Oilers Jersey , Tokyo rubber was closed at 386.7 yens per kilogram in last December.
The statistics publicized by ANRPC indicate that the production of natural rubber in ANPRC member countries will be enhanced from the 9.9 million tons of this year to 10.3 million tons. The production will be elevated to 12 million tons and 13.4 million tons in 2015 and 2018 respectively.
The economist predicts that the production of natural rubber in Thailand and Vietnam embrace the fastest growing speed among the ANRPC member countries. On the other hand, the growth of engineer plastics in terms of yield in Indonesia and Malaysia will experience certain stagnation. It is estimated that the growth rate of natural rubber production in 2015 will reach 5.8 to 6.6 percent. The tightening natural rubber supply situation will for sure impose negative impacts on economic development.
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