Growth in demand throughout India and China is set to rekindle global consumption of natural rubber, according to the Association of Natural Rubber Producing Countries. In its monthly review of the market, released May 24, the ANRPC said worldwide NR consumption is anticipated to grow "faster than what was expected until a month ago." The outlook on consumption during 2018 has been substantially scaled up in the case of China and India, said the association. The two countries combine to account for 48% of global NR consumption. Based on the revised outlook, consumption in China is expected to rise by 6.2% to 5.7 million metric tons, a significant change from the 0.6% drop anticipated until a month ago.
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