Market News

    ANRPC releases Natural Rubber Trends January 2021

    The outlook for world production of natural rubber (NR) is estimated to decline by 7.7%, year-on-year, to 12.782 million tonnes for 2020. The improved outlook for 2020 compared to the previous outlook published in last issue, is resulted from a better-than-expected production estimated from Thailand, India and Cambodia during the year. While the world demand for NR clocked at 12.827 million tonnes during 2020, contracted at 6.9%, year-on-year. 

    Asian shares, oil buoyant on economic revival hopes

    SYDNEY (Reuters) - Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.