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Sharp rise in share of SR in rubber use |
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The result of the relatively stronger performance of SR in the three months to March 2012 has increased the share of SR in total rubber consumption to the highest level since October 2004, according to IRSG. In March 2011, the SR share was 58.1% on a 12-month average. All regions except for Asia/Pacific experienced increased SR share of total rubber consumption. Asia/Pacific region suffered a 0.1% fall in the share, decreasing down to 51.5% in March 2012 as compared to the level in December 2011. China was the prime cause of this downturn in Asia/Pacific, with the share of SR in total rubber consumption decreasing down to 56.5% in March 2012 from 57.0% in December. The decrease came in the face of significant increase in installed SR capacity, which will expand by 1.2 million tonnes over 2010-2012.
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