According to the International Rubber Search Group (IRSG), the world’s rubber consumption in 2010 reached 23.1mil ton, an 11.2% increase compared to the same period last year. The increase of rubber consumption was thanks to recovery of tire industry. IRSG forecasted that the demand on rubber consumption in 2011 is at 25.5mil tons, output of artificial rubber production will increase 7.3% and reach about 11mil tons.

According to the rubber exporters, rubber price for export will decrease in May and June, 2011, owing to decline of transaction in Tokyo.

Reported by C.Son – Translated by A.C