KUALA LUMPUR (April 28, 2011)—Natural rubber production from the 11 member nations of the Association of Natural Rubber Producing Countries will rise 7.9 percent in April 2011 and 10.5 percent in the year's second quarter, the ANRPC said.
Total production of NR in ANRPC nations was 2.27 million metric tons in January-March 2011, up 6.1 percent from the first quarter of 2010, the association said in its newsletter, Natural Rubber Trends & Statistics. It projected April production of 651,000 tons, up from the 604,000 tons produced in April 2010, and second-quarter production of 2.3 million tons compared with 2. 8 million tons in April-June 2010.
“The revised outlook, based on actual figures for January and preliminary figures for February and March, indicates that the ANRPC's total supply would rise this year by 5.8 percent, slightly lower than the previously expected 6.2-percent rate,” the ANRPC said.
NR exports from ANRPC nations fell 5.8 percent in March 2011, to 635,000 tons from March 2010's 674,000 tons. The decline came mainly from Thailand, which suffered widespread flooding in March, the association said. The ANRPC expects exports to rebound somewhat in April to 549,000 metric tons, up 2.8 percent from April 2010's 534,000 tons.
While NR prices have been volatile in recent weeks, they have resisted steep declines thanks to several factors, the ANRPC said. These include a sharp fall in the value of the U.S. dollar, unseasonal rains in Thailand and Malaysia, and an increase in NR demand from China, it said.
The price of Technically Specified Rubber 20 (tire-grade rubber) stood at $4.60 per kilogram for June and July delivery on the Singapore Commodity Exchange April 28. The prices of Rubber Smoked Sheets 3 the same day were $5.50 per kilo for June delivery, $5.39 for July delivery.
In other news, the ANRPC said it would hold its Fourth Annual ANRPC Rubber Conference Nov. 2 in Hainan Province, China. The China Natural Rubber Association will coordinate the event, the ANRPC said.
ANPRC member nations are Cambodia, China, India, Indonesia, Malaysia, Papua New Guinea, Philippines, Singapore, Sri Lanka, Thailand and Vietnam.