Rubber prices hit their highest level in nearly a decade.

(GLO) - On June 2nd, global rubber prices maintained a strong upward trend, reaching their highest level in nearly a decade.

At the close of trading, June rubber futures in China rose 0.3% (45 yuan) to 17,705 yuan per ton.

In Japan, June rubber futures rose 0.1% (0.5 yen) to 409 yen/kg.

In Thailand, domestic rubber prices for June delivery rose 0.7% (0.6 baht) to 87.06 baht/kg.

Global rubber prices continue their strong upward trend, reaching their highest level in nearly a decade. (Illustration: TBTCVN)

According to analysts, high global oil prices are increasing the cost of producing synthetic rubber, thereby giving natural rubber an advantage in the market. On the other hand, the limited supply in some key producing countries is also contributing to the upward trend of this commodity.

Geopolitical developments involving Iran, Israel, and the US are believed to risk disrupting international crude oil and commodity shipping routes, leading to greater volatility in raw material prices and logistics costs.

Domestically, rubber latex prices remain stable. At Binh Long Rubber Company Limited, the factory purchase price for rubber is 505 VND/degree TSC/kg; however, the price of mixed latex (DRC 60%) increased by 4,000 VND to 18,000 VND/kg.

At Mang Yang Rubber Company Limited, the purchase price of liquid latex was recorded at approximately 458-463 VND/TSC, while the price of mixed coagulated latex was around 404-459 VND/DRC.

Ba Ria Rubber Company Limited also quoted the purchase price for liquid latex at 420 VND/TSC/kg (applicable to TSC from 25-30); DRC coagulated latex (35-44%) at 14,600 VND/kg, and raw latex at 18,100 VND/kg.

Phu Rieng Rubber Company Limited continues to offer the purchase price of liquid latex at 420 VND/TSC, while the price of mixed latex remains at 390 VND/DRC.

The Import-Export Department ( Ministry of Industry and Trade ) assesses that the current upward trend in rubber prices stems from several contributing factors, most notably the shift in demand from synthetic rubber to natural rubber as world oil prices have risen sharply.

According to the Import-Export Department, in May 2026, the price of natural rubber continuously rose, at times reaching its highest level in nearly a decade. This led to a sharp increase in the purchase price of rubber latex domestically, helping many rubber industry businesses record exceptional profits.

Source: https://baogialai.com.vn/gia-cao-su-cham-muc-cao-nhat-trong-gan-1-thap-ky-post588806.html