ANRPC: China's slowdown impacts NR growth

摘要

?Amidst a slowdown of the Chinese and other emerging markets, the production of natural rubber (NR) has fallen almost 1% among member nations of the Association of Natural Rubber Producing Countries (ANRPC). The Association's official monthly publication, Natural Rubber Trends & Statistics, reported that year-on-year, NR production in October 2015 fell 0.9% to 8.994 million metric tonnes, as compared to the October 2014 figures. The report explained that with the growing challenges faced by emerging and developing economies and the downturn in the Chinese economy, the situation has a "direct bearing on the perfofmance on NR trade, which is currently experiencing contraction." The ANRPC cautioned that low NR prices are causing rubber growers to reconsider their crop and consider making money working in cities. The report further said that some Chinese processing factories, especially in the private sector, had to stop producing intermittently due to the risk of fluctuating price or lack of availability of raw materials.