Being the world&#;s largest rubber importer, policies in China can have far-reaching effects on the global rubber industry. In late the government of China decided to approve a new standard for compound rubber imports. The permitted crude rubber content in imported compound rubber was cut from -. percent to percent, implying that compound rubber imports into China became subject to a percent import duty (the same tariff as natural rubber import duties). China’s new policy is a blow to its rubber suppliers in Indonesia as it results in declining usage of compound rubber in the world’s second-largest economy.

Back at the Saigon Exhibition and Convention Center from to March , The th International Plastics & Rubber Technologies and Materials Exhibition for Vietnam organized by Informa Markets Vietnam in conjunction with Messe Düsseldorf Asia promises to provide a potential trading platform for plastic and rubber manufacturers and processors to introduce products, build brand image, expand new cooperation opportunities as well as identify economic potentials in the market of Vietnam.

A key driver for the global rubber market is the Asia-Pacific region where demand is growing robustly, led by China, the world&#;s leading rubber consumer that is expected to account for nearly percent of total worldwide rubber consumption by (mostly used in its tire manufacturing industry). Meanwhile, strong growth in rubber consumption is also expected to occur in Indonesia, India, Vietnam, and Thailand on the back of developing automotive industries in these countries.

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The second chart shows a steep recovery in the natural rubber price in the last quarter of and start of . The reason behind this price increase are supply disruptions in Thailand. Massive and widespread floods in the southern part of Thailand, where most of the nation&#;s rubber cultivation takes place, had a big impact on the natural rubber supply (both production and distribution). Severe drought was also cited a reason for weak rubber production in Thailand.