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Rubber Report - 16 May 2018

  • i2Matrix
  • 16 May 2018
Natural rubber production dropped 27.1 per cent in March 2018
 
Natural rubber production in March 2018 was 46,082 tonnes, dropped by 27.1 per cent as compared to 63,246 tonnes in February 2018. For year-on-year, the production also showed a decrease of 43.4 per cent.
 
Average price of Latex Concentrate was 471.24 sen per kilogramme, increased by 3.2 per cent as compared to February 2018 whereas the average price of Standard Malaysian Rubber 20 (S.M.R 20) decreased by 1.5 per cent to 554.57 sen per kilogramme.
 
Exports of natural rubber amounted to 57,658 tonnes, rose by 16.2 per cent than the previous month. Five main destinations of natural rubber exports were China, Germany, Finland, Turkey and U.S.A.
 
Domestic consumption of natural rubber also gained by 15.9 per cent in March 2018 to 45,703 tonnes. Natural rubber is widely used in the rubber glove industry with consumption of 34,617 tonnes or 75.7 per cent of the total natural rubber domestic consumption.
 
Stock of natural rubber recorded at the end of March 2018 showed a decrease of 2.5 per cent from 285,671 tonnes to 278,602 tonnes.
 
-- Department of Statistics Malaysia

 

 

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Founder of i2Matrix. A market strategist, private trader and sought-after financial speaker and trainer in the Asian Region, Benny Lee has coached hundreds of professional and retails traders and investors in Malaysia, Singapore, Hong Kong, Thailand, Vietnam, Pakistan for more than 13 years. His passion in trading and chart analysis leads him to develop trading strategies that have helped him and many others to trade and invest successfully in the financial markets.

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