ERJ staff report (DS)
Kuala Lumpur -- Malaysian statistics show that NR production in the country increased in January 2011. Total production in the month was 108,787 tonnes, up marginally on the year-ago figure, but up by +27.6 percent over December 2010.
Exports reached 78,143 tonnes, up by +12.3 percent from a year ago, but down by 1,327 tonnes (-1.7 percent ) compared to a month agoStandard Malaysian Rubber (SMR) continued to be the main type of rubber exported at 93.7 percent of which 50.1 percent was SMR 20.
NR was mainly exported to China (36.5 percent) and Germany (13.4 percent). Other important destinations include Republic of Korea (5.7 percent), Finland (4.3 percent), Netherlands (4.2 percent) United States of America (4.1 percent) and Turkey (2.8 percent).
Imports reached 70,551 tonnes, down by 3.5 percent on the year-ago figure, but up by 7,656 tonnes (+12.2 percent) from the previous month. Malaysia imported the most NR from Thailand (52.7 percent), followed by Viet Nam (12.9 percent), Rep. of Indonesia (8.1 percent), Philippines (7.3 percent) and Myanmar (4.3 percent).
Domestic consumption of NR in January 2011 reached 33,950 tonnes down by 7,454 tonnes (-18.0 percent) on the January 2010 figure and down by 2,635 tonnes (-7.2 percent) compared with December 2010.
At the end of January 2011, the level of stocks rose 34,986 tonnes (+24.6 percent) from the level of stocks of the previous month to 177,434 tonnes. However, the level of stocks reduced by 17,545 tonnes (-9.0 percent) against the level of stocks of last year. The bulk of the stocks was again held by Rubber Processors (89.7 percent).
In January 2011, the average monthly price of NR continued to increase with the average price of latex concentrate advancing by 5.6 percent to 997.38 sen, while the average price of SMR 20 increased by 11.6 percent to 1,580.33 sen when compared to December 2010.
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Press release from M