November 26, the International Rubber Study Group (IRSG) said Wednesday the Secretary-General Hidde Smit, in 2009 and this year's natural rubber demand is expected to shrink as a result of the deteriorating global economic situation; but the demand for natural rubber is expected from 2010 onwards has been rebounding strongly.
Smit said, IRSG's latest forecast is based on data published by the International Monetary Fund.
He said in 2009 on the pessimistic view, but a significant drop in demand will lead to a sharp rebound in consumption soon.
Smit said that in 2009 global sales of new cars is expected in 2008 from the 50,000,000 dropped to about 40,000,000 or so, but the world's new car sales are expected to rebound in the 2010-2015 period to about 65,000,000.
Despite the IRSG are not allowed to give price estimates, but the global automotive sales of natural rubber a huge impact on the market, as a result of the global tire manufacturing industry accounted for the global rubber output of more than 70%.
Smit said the natural rubber price is expected to continue to follow the trend of the price of crude oil, the crude oil and synthetic rubber between the relevance of the impact.
He said that if crude oil prices fell, then the natural synthetic rubber with natural rubber prices will drop its.
IRSG According to the latest forecast shows that when global economic growth to resume when the price of crude oil is expected in the next few years will be steady near 80 U.S. dollars a barrel.
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