Outlook For Rubber
p. 11 · Read in the full issue
Decrease in World Consumption
TRADE reports from London show that factors for any material in crease in the price of rubber have been unfavourable with a further rise in United Kingdom stocks in December to 117,774 tons, which compared with 71,443 tons a year previous.
American consumption in November was only 23,480 tons, against 27,271 tons for October and 27,659 tons for the same month in 1929. November recorded the lowest monthly total ever consumed.
Consumption in America for the eleven months ended November was 89,000 tons behind the total for the same period of Forward positions were quoted easier in London, with February /4i, March /4 9-16, April-June, /4 5-8, July-Sep tember, /4 13-16, and October-Decem ber, /4 15-16.
Some demand was reported for equal monthly deliveries over 1931 at /4 11-16 and for 1932 at /5 3-8. In the absence of any sustained demand the outlook remained obscure. It seemed probable that, in addition to the decline in America, world consumption for 1930 would show a decrease of nearly 100 000 tons.