Association of Natural Rubber Producing Countries (ANRPC) revised its demand forecast to 14.1 million tons, up from 13.7 million tons for 2021 anticipating better demand from the Asian market lead by China and India. However, a combination of increasing global Covid cases and a disrupted supply chain could dampen the market confidence.
What is covered in the Full Insight:
ANRPC Demand Forecast Revision
Current Market Realities and Challenges
Impact on Automotive Sector
Supply Chain Disruptions and Production Issues
Price Volatility and Future Outlook
SUMMARY
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