India's Synthetic Rubber Production Could Not Fulfill Domestic Demand

By Siwaporn Bumroongpan

India's synthetic rubber (SR) production in the April–June period amounted to 26,956 metric tons, up 9% from a year earlier, the state-run Rubber Board said. SR consumption in April – June period amounted to 99,160 tons, up 27.3% from a year earlier. Demand from tire makers pushed SR demand to 69,173 tons, up 33.4% during the same period.  Imported SR amounted to 76,948 tons in the April – June period, and SR stocks as at end June were 39,655 tons.

IRCo noted that overall SR consumption in India in the April – June period was three times higher than its production, and imported SR was still a big portion to fulfill domestic SR demand.

(irco.biz)