India: Synthetic rubber demand rises by 5.4 pc in Jan

New Delhi, Apr 30 (PTI) Synthetic rubber consumption has gone up by 5.4 per cent to 35,260 tonnes in January this year compared with the same month last year.

The rubber production, however, went down by almost three per cent to 9,859 tonnes during the month, according the Rubber Board data.

Synthetic rubber consumption and production stood at 33,445 tonnes and 10,249 tonnes, respectively in the year-ago period.

Synthetic rubber is mostly used in the manufacturing of tyres in the country.

India''s synthetic rubber import in January 2010 rose by 2.25 per cent to 22,836 tonnes as compared to 22,336 tonnes in the corresponding period of the previous year.

The total stock of synthetic rubber in the country at the end of January 2011 stood at 36,740 tonnes.

(Source: http://in.news.yahoo.com/synthetic-rubber-demand-rises-5-4-pc-jan-154000823.html)