In terms of production, the global production reduction of natural rubber in 2020 has become a foregone conclusion. This month, most of the rubber cutting in Yunnan has stopped, and most of the cutting in Hainan will also stop by the end of next month.

China is a large number of car ownership, greater demand for rubber raw materials, there is still a large part of the need to import in recent period.

Data updated on November 17 on the National Bureau of Statistics of the People's Republic of China website showed that China's output in synthetic rubber was 705,000 tons, up 15.8 percent year on year.

In China, NBR price was 19,233Yuan/ton on the 11th November, up 0.70% from the previous day.

The Asia Pacific region accounted for 53.8 percent of global rubber production in 2018, followed by Europe, the Middle East and Africa, and the synthetic rubber, according to the International Rubber Conference Organization (IRCO) .

Upstream manufacturers continue to decline in the rate of production for ethylene plant cost is high, in the long term there is a downward trend, the overall supply is still tight.