Rubber demand in China forecast to grow 7% in 2012
Rubber demand in China is set to expand 7.2 percent in 2012, beating last year’s pace, as the government focuses on bolstering the world’s second-largest economy, an industry group said. Consumption is forecast to reach 7.4 million metric tons in 2012, up from 6.9 million metric tonnes in 2011 and 6.45 million tons in 2010, said Mary Xu, deputy secretary general of the China Rubber Industry Association, at the World Rubber Summit in Singapore. Of the total, 4 million tons will be the synthetic variety and 3.4 million tons natural rubber, she said. The government is paying, “more attention on the development of the auto industry,” Xu said.
Source: Rubber World