2018 natural rubber demand, production up through 11 months, ANRPC data show

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, — Global demand for () rose 5 percent to 12.9 million metric tons in the first 11 months of 2018, according to the latest Association of Producing Countries (ANRPC) data.

The growth in demand compares with a 5.4-percent rise in production to 12.8 million tons, the ANRPC said.

The association described the NR market as “volatile” in November amid a “bearish” market, U.S.-China trade tensions, rising interest rates and the development of regional rubber markets

While prices for -20 fell to a 10-month low during November 2018, prices closed slightly higher to around $1.23/kilogram over the final week in November, noted.

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