Rubber demand in China to expand 7.2%

qiangzi

Tuesday, May 29, 2012

# @! _; h+ g- s% c/ e, W2 c. WSingapore - Rubber demand in China is set to expand 7.2% this year, topping last year’s pace, as the government focuses on bolstering the world’s second-largest economy, an industry group said. Consumption will grow to 7.4 million metric tons from 6.9 mmt a year earlier 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