According to reports, the London-based industry consultancy Rubber Economist last Thursday in a report that the oversupply situation in the rubber market is expected to continue for two years or time.
Reported that six consecutive years of oversupply of natural rubber or rubber prices so that pressure in 2016, as a result of a large area of rubber trees matured, the largest increase in output and rubber consuming country – China’s demand for the release slow.
In 2016, the global rubber supply surplus expected to reach 316,000 tons, less than the amount of the excess supply of 483,000 tons next year’s estimate. Because the world’s largest natural rubber producing countries – Thailand’s rubber output increase, which raised the global rubber supply surplus this year, 78% of the estimated amount.
International Rubber Study Group has raised its estimate of global rubber supply excess capacity, said in the 2006-2008 planting rubber trees matured, the output increases.
Translated by Google Translator from http://market.cria.org.cn/25/21171.html
