bearish
Global NR Supply Up, Profit Outlook Bleak
3 Views22 Jun 2022 10:52
The global natural rubber supply has made a marked improvement to 991,000 tons in May 2022 from 941,000 tons in April 2022. Such a figure was 954,000 tons in March this year. A shortfall of 198,000 tons was recorded in May against an estimated demand of 1.19 million tons. While several NR producing countries are entering the off-tapping season, the market is optimistic about supply improving moving forward.
What is covered in the Full Insight:
- Global NR Supply and Demand
- Price Trends in the NR Market
- ANRPC's Outlook and Caution
- Global Economic Growth Projections
- Q2 Rubber Sector Profit Decline
SUMMARY
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