Rubber/GMG Global: Global rubber consumption will climb 9.4% this year to 10.3m tons, the fastest increase since 2004. Demand will exceed output by 60k tons, from a surplus of 237k tons last year. World auto sales will increase 8% to 68.5m units this year & 7.2% to 73.4m units in 2011. China accounts for 27% of the global NR output with projected annual demand growth of 10% over the next 10 years.
Rubber prices reached a record US$4.11/kg on Apr 15 & closed at US$3.50 on Sep 20, +22% this year but is projected to hit US$4.20 in Mar 11. GMG’s stock price is strongly correlated to rubber prices
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