Indian Synthetic Rubber Production Drops

The Financial Express in India is reporting that synthetic rubber production has fallen in July 2008, compared to the month’s figures a year ago. Output has been measured at 8,186 tonnes, down from July ‘07’s figure of 8,256 tonnes.

In the period April-July, however, more synthetic rubber has been produced compared with the same period last year. 33,439 tonnes have come off the production line, compared with 32,748 tonnes in the same period last year. This 2.11 per cent rise has been matched synthetic imports in the period, jumping from 59,960 tonnes to 76,890. A similar pattern can be seen in the nationwide consumption of the product; the 93,715 tonnes demanded last year between April and July has risen this year to 100,045 tonnes.