High price today 7/24: Sharp increase due to supply disruption

Rubber prices today (July 24) continued to increase on some exchanges due to heavy rains in key producing countries raising concerns about supply. Domestically,...

Rubber prices today (July 24) continued to increase on some exchanges due to heavy rains in key producing countries raising concerns about supply. Domestically, rubber latex purchasing prices at enterprises also saw some adjustments.

World rubber price

At the end of this morning's trading session, the price of rubber futures for August on the Shanghai Stock Exchange - China, increased by 1.35% (equivalent to 115 Yuan) compared to the previous trading session, reaching 14,995 Yuan/ton. This is also the highest price recorded since the beginning of April.

On the Osaka Exchange - Japan, the price of rubber futures for August delivery jumped 2.74% (8.8 Yen), reaching 330 Yen/kg - the highest level since late May.

In contrast, in Thailand, rubber futures for August delivery recorded a slight decrease of 0.3% (0.42 Baht), down to 73.87 Baht/kg.

Rubber futures prices have surpassed 167 US cents per kilogram, their highest since late May, as adverse weather raised concerns about supply disruptions in top producing countries, according to Tradingeconomics.

In Thailand and Indonesia, the world’s two top rubber exporters, unusually heavy rains during the dry season have delayed harvesting at many plantations. In China, wet weather has also disrupted supplies, although this year’s harvest is still expected to increase.

Rubber futures prices have surpassed 167 US cents per kilogram, their highest since late May, as adverse weather raised concerns about supply disruptions in top producing countries, according to Tradingeconomics.

In Thailand and Indonesia, the world’s two top rubber exporters, unusually heavy rains during the dry season have delayed harvesting at many plantations. In China, wet weather has also disrupted supplies, although this year’s harvest is still expected to increase.

China’s new move to tighten competition in the electric vehicle industry could also help support rubber prices, as deep discounts in the auto industry have put downward pressure on prices of rubber used in tire manufacturing.

According to Reuters, the Thai Meteorological Department - the world's leading rubber producer - has warned of heavy rains that could cause flash floods and inundation from July 22 to 24.

Meanwhile, brokerage Everbright Futures said continued rain in key production areas in the short term will likely continue to support rubber prices.

Regarding demand, data from the General Administration of Customs of China shows that China's imports of natural and synthetic rubber (including Latex) totaled 599,000 tons in June 2025, up 27.2% from 471,000 tons in the same period in 2024.

In the first 6 months of 2025, China imported a total of 4.075 million tons of natural and synthetic rubber, up 24.1% compared to 3.284 million tons in the same period last year.

The positive growth momentum of China's auto industry is also contributing to raising the prospect of rubber consumption in the world's largest consumer country.

According to the China Association of Automobile Manufacturers (CAAM), total domestic vehicle sales (including exports) reached 2.9 million units in June, up 14% year-on-year. Of which, domestic sales increased by more than 10% to 2.31 million units, while exports increased by 22% to 592,000 units.

The Chinese government has stepped up stimulus measures to boost domestic auto sales, including increasing trade-in incentives for old and scrapped vehicles, with a focus on new energy vehicles (NEVs). The domestic auto market has also benefited from fierce price competition among domestic automakers and a slew of new models hitting the market.

In the first 6 months of 2025, total sales of vehicles manufactured in China increased by more than 11% year-on-year to 15.653 million units. Of which, domestic sales increased by 12% to 12.570 million units, while exports increased by more than 10% to 3.083 million units.

Sales of new energy vehicles (NEVs) in the first half of the year increased by 40% to 6.937 million units, accounting for more than 44% of total vehicle sales nationwide.

Thus, total auto production in China in the first half of 2025 increased by nearly 13% over the same period, reaching 15.621 million units.

Domestic rubber price

Domestically, rubber prices have also seen some adjustments. Specifically, Phu Rieng Company offers to purchase mixed latex at 380 VND/DRC, an increase of 10 VND/DRC; the purchase price of water latex is 410 VND/TSC, an increase of 10 VND/TSC.

Ba Ria Rubber Company purchases liquid latex at 390 VND/TSC degree/kg (applied to TSC degree from 25 to under 30); DRC coagulated latex (35 - 44%) at 12,700 VND/kg, raw latex is recorded at 15,800 - 17,000 VND/kg.

Binh Long Rubber Company currently buys latex at 386 - 396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.

MangYang Company quotes the purchase price of latex at about 389 - 393 VND/TSC (type 2 - type 1); mixed latex at about 340 - 388 VND/DRC (type 2 - type 1)./.

Source: https://baolamdong.vn/gia-cao-hom-nay-24-7-tang-manh-do-nguon-cung-gian-doan-383462.html