POSITIVE NR FUNDAMENTALS
FOR THE FIRST 10 MONTHS OF 2015
* NR Production dropped 0.9%
* NR Consumption increased 3.8%
* World NR Stocks decreased 17.6%
For the first 10 months of 2015, NR fundamentals remain intact as indicated by the decrease of NR production in Association of Natural Rubber Producing Countries (ANRPC) members by -0.9% year-on-year (y-o-y) to 8.994 million MT led by the decrease of NR production in Thailand, China and India. Whilst, its NR consumption increased by 3.8% to 6.588 million MT as compare to the same period in 2014 led by the improvement of NR consumption in China, Indonesia, Thailand, Malaysia and Vietnam.
The comparison of NR Production, Consumption and Export in ANRPC member countries for the first 10 months of 2015 is shown in table below:
Judging from the prevailing scenario of NR fundamental factors to end of 2015, IRCo is of the view that there will be no excess of global NR supply. As a result, the global NR stocks is expected to remain at around 2 million MT (Source: LMC's October 2015 Rubber Bulletin) or even experiencing a decrease.
The world NR stocks as reported by LMC in its October 2015 Rubber Bulletin is as follow:
10 November 2015