Rubber prices maintained their upward trend for the third consecutive session.

Rubber prices rose for the third consecutive session due to concerns about supply shortages as growing regions enter the low season, while demand from China remains stable.

Báo Công thương•30/01/2026

Investment capital continued to flow strongly into the global commodities market during yesterday's trading session (January 29). Overwhelming buying pressure pushed the MXV-Index up more than 1.1%, to 2,758 points. The COMEX currency was the focal point, with its price soaring 4.7% to a new all-time high.

Rubber prices rise amid concerns about supply shortages.

The industrial raw materials market also attracted investor attention as the prices of two rubber commodities continued to show positive signs. Specifically, TSR rubber prices continued their upward trend for the third consecutive session, reaching $1,924/ton; RSS3 rubber prices also increased by nearly 0.3%, settling at $2,240/ton.

According to the Vietnam Commodity Exchange (MXV), the main driver behind the rise in rubber prices stems from concerns about supply shortages as key rubber-growing regions in Thailand and Vietnam enter their low-production periods. In addition, stable demand from the Chinese tire industry is also contributing to price support.

Rubber trees currently have only one short harvesting cycle remaining at the end of January, before entering a low production period from February to May, followed by a peak harvest season lasting until around September. Data for 2025 shows that Thailand will only export 2.67 million tons of rubber, a decrease of 5.2% compared to 2024, while Vietnam's natural rubber exports will also decline by 5.1% to around 1.9 million tons.

On the consumption side, demand from China continues to be a crucial support for the market. Data from the Chinese Customs Administration shows that in 2025, the country imported more than 8.52 million tons of natural and synthetic rubber, a 16.7% increase compared to 2024. The Chinese tire manufacturing market remained stable, with production reaching approximately 1.2 billion units last year, a 0.9% increase year-on-year. Meanwhile, the volume of tire exports (by weight) reached approximately 9.65 million tons, a 3.6% increase year-on-year.

However, the upward trend in rubber prices is facing a major obstacle as inventories in China have been continuously increasing since the beginning of January. Specifically, as of January 25th, total inventories in bonded warehouses and regular commercial warehouses in Qingdao reached 584,500 tons, an increase of 11.38% compared to 524,800 tons at the end of December 2025.

In the domestic market, on January 29th, the purchase price of liquid latex in Binh Phuoc increased slightly by 5 VND/degree compared to the previous day, fluctuating between 430 and 445 VND/degree. Meanwhile, the price of cup latex continued to remain stable, commonly at 20,000 - 22,000 VND/kg. The purchase price lists at businesses also showed no new adjustments. Specifically, Binh Long Rubber Company listed the purchase price of liquid latex at 422 - 432 VND/degree; the purchase price of cup latex at Ba Ria Rubber remained stable at 18,100 - 19,500 VND/kg.

COMEX currency is heading towards the $14,000 mark.

Closing yesterday's trading session, the metals market saw relatively mixed movements. Among them, COMEX copper led the overall market rally, officially setting a new record high. Specifically, the price of this commodity continued its second consecutive day of growth with a strong increase of 4.7%, bringing the closing price to a record high of $13,676 per ton.

According to the Vietnam Commodity Exchange (MXV), although China plays a key role in driving actual consumption demand, the movement of the US dollar remains a variable directly impacting the price of the COMEX currency, stemming from the exchange's unique characteristic of being listed and denominated in USD. At the close of yesterday's session, the DXY index fell 0.18% to 96.17 points, providing significant support for the currency price as the cost of holding long positions for investors using other currencies was lowered. Simultaneously, the weakening of the USD reinforced expectations of more flexible monetary policy from the US Federal Reserve (FED), thereby encouraging capital flows into basic commodities.

Contrary to initial concerns, copper inventories at the New York Mercantile Exchange (COMEX) rose to a record high of approximately 572,000 tons, but did not put downward pressure on the market. According to analyses, this increase was mainly due to businesses proactively stocking up early to mitigate risks from new tariff policies. Therefore, the inventory increase was only localized in the US, while supply at other major trading centers such as the London Metal Exchange (LME) and the Shanghai Metals Exchange (SHFE) showed signs of tightening. Amid concerns about global supply chain disruptions, holding goods in domestic warehouses was valued more highly by the market than holding goods still in transit.

In terms of demand, real-world data continues to reinforce China's central role in the copper market. In 2025, the country imported up to 30.4 million tons of copper ore, a 7.8% increase year-on-year, reflecting strong production demand from key sectors such as electric vehicles and green energy infrastructure. Furthermore, the stockpiling of raw materials by mills ahead of the extended Lunar New Year holiday also contributed to supporting spot prices, which in turn spilled over into international futures markets.

In the financial markets, data from the US Commodity Futures Trading Commission (CFTC) shows that speculators are clearly dominant with 62,806 net long positions. When copper prices broke through key technical resistance levels, a series of automatic buy orders were triggered, creating a ripple effect and driving prices up sharply in just one session.

However, according to MXV, although the upward trend in copper prices is still considered positive from a technical perspective, the risk of profit-taking is likely to increase as prices approach the psychological level of $14,000/ton.

Price list for some other types of goods