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China bought 431,000 tons of natural rubber in February

China bought 431,000 tons of natural rubber in February

Issue Time:2021-03-17
China bought 431,000 tons of natural rubber in February
According to the latest forecast from the Association of Natural Rubber Manufacturers (ANRPC), the price of natural rubber is unlikely to fall in the short term.
The organization estimated that global natural rubber consumption in February was 897,000 tons, 12.4% year-on-year decrease.
Demand was 1.103 million tons, a sharp rise of 47% compared with the same period last year.
According to the analysis, the rapid recovery of demand, and China's domestic market has a great relationship.
Preliminary estimates put the purchase of 431,000 tons of natural rubber in China in February.
This figure is far higher than the same period in 2020 and 2019.
In the report, the ANRPC also analyzed the reasons for the high prices of natural rubber.
It is reported that February to April is usually the season of stopping rubber harvesting, rubber production will decline.
At the same time, new fungal diseases have recently affected supplies in major rubber producing countries.
The disease has infected more than 544,000 hectares of rubber plantations.
In addition, national epidemic prevention measures on the entry of workers, also make rubber harvesting extremely difficult.
These are the important factors for natural rubber price rising continuously.

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