Mumbai: India’s synthetic rubber output rose 6% in November from the previous year, while consumption increased 12.3% on higher demand from tyre makers, according to latest data on the Rubber Board Web site.
Production in November was 8,709 tonnes, compared with 8,219 tonnes a year ago, while total consumption rose to 26,505 tonnes from 23,595 tonnes during the period, the data showed.
Demand from the automotive tyre sector grew 15.1% to 16,295 tonnes, the board said. Tyre makers account for more than 60% of the domestic synthetic rubber consumption.
Total synthetic rubber stocks stood at 23,590 tonnes at the end of November, data from the board said.
Natural rubber is collected from trees by tapping, while synthetic rubber is man-made and produced from petroleum products.