Natural rubber futures traded below 215 yen per Kg, the lowest since September 2020 dragged down by concerns about Chinese demand, automotive supply chain disruptions in the US, and surging Covid-19 infections globally. Meanwhile, the Association of Natural Rubber Producing Countries recently estimated that the world production of natural rubber in 2021 is anticipated to grow at 5.8%, year-on-year, to 13.812 million tonnes; while world demand is estimated at 6.7% growth to 13.679 million tonnes in the same reference period.
Historically, Rubber reached an all time high of 526.40 in February of 2011. Rubber - data, forecasts, historical chart - was last updated on August of 2021.
Rubber is expected to trade at 242.95 JPY/kg by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 316.26 in 12 months time.