Rubber prices today, September 21st, on major exchanges continued to rise to their highest levels in months due to lingering concerns about supply shortages.
World rubber prices
At the close of trading on September 20, the price of September rubber futures on the Osaka Exchange (OSE) in Japan rose slightly by 1 yen/kg to 385 yen/kg. However, the February 2025 contract fell by 5 yen/kg to 371.1 yen/kg.
On the Shanghai Futures Exchange (SHFE), the price of RSS 3 rubber for September delivery continued to rise by 85 yuan/tonne, reaching 16,510 yuan/tonne; the January 2025 contract increased by 50 yuan/tonne, reaching 17,935 yuan/tonne. This is the highest price reached since 2021.
Meanwhile, the price of RSS 3 rubber futures for September delivery in Bangkok, Thailand, traded at 93.6 Baht/kg, up 0.8% from the previous trading session and the highest level reached since March.
According to tradingeconomics, the global rubber market continues to be supported by supply concerns amid adverse weather conditions. Super Typhoon Yagi severely impacted major producers in Southeast Asia, including Thailand, Vietnam, and Malaysia, during a critical supply period.
Rising oil prices also supported rubber prices, although the demand outlook remains gloomy as China, the world's largest buyer, continues to report less-than-optimistic economic data, creating uncertainty about future demand.
In the week ending September 19th, the operating capacity of semi-steel rubber tire factories in China was 57.41%, down 3.77% from the previous week. However, the operating capacity of all-steel tire factories was 77.08%, up 2.63% from the previous week.
The Vietnam Rubber Magazine, citing information from the Future Market Insights organization, reported that demand for synthetic polyisoprene rubber could be driven by its widespread application in the production of tires, belts, footwear, and medical accessories such as medical gloves and medical balloons.
The global market is projected to expand at a compound annual growth rate of 6.2% from 2022 to 2032. The East Asian market will continue to dominate. Based on these factors, the global synthetic polyisoprene rubber market is expected to reach US$1.3 billion by 2032.
Synthetic polyisoprene rubber is widely used as a base material in tire manufacturing. Additionally, the demand for synthetic polyisoprene rubber has increased due to greater employer awareness of the use of industrial gloves and the growing demand for medical gloves.
In addition to footwear, synthetic polyisoprene rubber is also used in the production of adhesives and sealants, straps, and other products in the industrial and construction sectors.
Domestic rubber price update
Domestically, the purchase price of raw rubber latex has been adjusted upwards to a maximum of 410 VND/degree.
Accordingly, Ba Ria Rubber Company quoted the purchase price of liquid latex at 404-414 VND/TSC, an increase of 5 VND/TSC compared to the last price quote. The price of DRC coagulated latex from 35 to 44% also increased by 100 VND/kg, reaching 14,800 VND/kg; raw latex is priced at 18,400-19,800 VND/kg, an increase of 200 VND/kg.
At other companies, prices remain stable, such as Phu Rieng Rubber Company, which quotes mixed latex at 360 VND/DRC and liquid latex at 400 VND/TSC.
Mang Yang Rubber Company quoted prices for liquid latex at 360-402 VND/TSC, while Binh Long Rubber Company quoted 383-393 VND/TSC.
Source: https://baodaknong.vn/gia-cao-su-hom-nay-21-9-cao-nhat-trong-nhieu-thang-qua-229818.html
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