The Association of Natural Rubber Producing Countries (ANRPC) is happy to releases the Natural Rubber Trends & Statistics, September 2020.
The world production of natural rubber (NR) fell 8.7%, year-over-year, during Jan-Aug 2020 to 7.778 million tonnes. Accounting a 3.8% fall anticipated in the remaining four months of the year, the total production during the full year 2020 is anticipated at 12.901 million tonnes reflecting a 6.8% fall from the previous year. This revised outlook of the world supply in 2020 is 1.9 percentage points lower than the outlook reported a month ago which was 13.149 million tonnes by representing a 4.9% fall.
NEW YORK/SYDNEY (Reuters) - Asian equities slipped on Wednesday as halted COVID-19 vaccine trials and an impasse in U.S. fiscal aid package talks soured risk appetite, while the greenback held on to gains as demand firmed for safe-harbour assets.
SINGAPORE (Reuters) - Oil prices were steady on Wednesday on concerns that fuel demand will continue to falter as rising coronavirus cases across Europe and in the United States, the world’s biggest oil consumer, could impede economic growth.
TOKYO (Reuters) - The U.S. dollar held on to gains against most currencies on Wednesday as renewed questions about a coronavirus vaccine and lack of an agreement on additional U.S. fiscal stimulus prompted a shift to safer assets.
BEIJING (Reuters) - China’s trade surplus with the United States stood at $30.75 billion in September, Reuters calculations based on Chinese customs data showed on Tuesday, down from a $34.24 billion surplus a month earlier.
For the first nine months of the year, China’s trade surplus with the United States totalled $218.57 billion.
China is still far behind its commitment to purchase more U.S. goods promised in its Phase 1 deal made with the United States. U.S. Department of Agriculture Secretary Perdue said earlier this month that China may fail its commitment on buying enough agricultural products due to “non-agricultural trade issues”.
source Reuters
Demand for cars in China continues to go from strength to strength, making the automobile market in Asia’s biggest economy a lone bright spot as the coronavirus pandemic puts a damper on sales in Europe and the U.S.