EIU predicts 5% annual growth to 2007 for NR following China’s tyre boom

By Liz White, ERJ staff

London-The Economist Intelligence Unit has revised its forecasts for global natural rubber demand upwards. China’s current prospects of “sustained high level of demand for natural rubber have strengthened,” the EIU said and “we now expect growth in global consumption to accelerate slightly from 4 percent in 2004 to over 5 percent in both 2005 and 2006, before slackening slightly in 2007.”

In China, the EIU says, the boom in tyre production has continued to boost NR consumption, with the result that first-quarter…

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