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March 12, 2021 2021
Sri Trang: expects to sell more than 1.2 m tonnes of rubber this year

        Veerasith Sinechareonkul, executive director of Thai rubber producer Sri Trang, said the company expects to sell more than 1.2 million tons of natural rubber this year, an average of 300,000 tons per quarter, up about 16 percent from 1.03 million tons last year. Meanwhile, natural rubber prices remained firm in the first quarter of this year. The average price of rubber is expected to rise by 5-10 per cent from 148 cents per kg in the fourth quarter of 2020. Demand is expected to grow steadily in the second quarter of this year. He added that global demand for natural rubber was likely to rebound strongly in 2021 as the COVID-19 pandemic waned. Global demand for natural rubber is expected to rebound to 13.4 m tonnes this year, up 7 per cent from last year. Demand was driven by China's overall economy and the auto industry, which has returned to healthy growth. China is one of the world's largest consumers of rubber. After the outbreak, tire production and demand for rubber gloves are driving up rubber prices.

 

He added that global demand for natural rubber was likely to rebound strongly in 2021 as the COVID-19 pandemic waned. Global demand for natural rubber is expected to rebound to 13.4 m tonnes this year, up 7 per cent from last year. Demand was driven by China's overall economy and the auto industry, which has returned to healthy growth. China is one of the world's largest consumers of rubber. After the outbreak, tire production and demand for rubber gloves are driving up rubber prices.


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