LONDON (June 6)—The International Institute of Synthetic Rubber Producers and the International Rubber Study Group are planning to cooperate on synthetic rubber long-term forecasting.
The IRSG and IISRP boards have accepted a proposal that both organizations collaborate over the next 12 months in the area of statistics and forecasting, with activities encompassing the following areas:
—The IRSG's long-range forecasting model would be augmented to develop SR forecasts for production, consumption and required capacity by key elastomer types;
—In addition to projections for natural rubber, the key elastomers to be considered would be: SBR, polybutadiene, polyisoprene, EPM/EPDM, butyl, nitrile and polychloroprene, with additional product possibly to be incorporated at a later date;
—In preparing forecasts, back-data for SR provided by the IISRP would be used to build a consistent industrywide and worldwide platform of figures for SR by type;
—Terms of the aggregate data on SR, IRSG data—which include SR-latices and carbon-black masterbatch—would be utilized, so as to maintain consistency with current statistical reporting of the group.
"It is envisaged that projections available from the model will cover both NR and SR in one document," the two organizations said.