Rubber price today 1/7: Continue to increase slightly

Rubber futures prices at major exchanges continued to increase slightly today (July 1). Domestically, rubber purchasing prices at large enterprises did not record any new adjustments.

World rubber price today

At the end of today's trading session, the price of rubber futures for July on the OSE - Japan increased by 0.2% (0.5 Yen) to 309 Yen/kg.

In China, the July rubber futures price on the Shanghai Futures Exchange (SHFE) increased by 0.1% (20 yuan) to 13,985 yuan/ton.

In Thailand, rubber futures for July delivery rose 0.3% (0.22 baht) to 72 baht/kg.

On the SGX - Singapore floor, the price of TSR20 rubber for August 2025 delivery increased by 0.30 cent/kg, to 164 cent/kg.

Rubber price today 17 Continues to increase slightly

In China, automakers are expanding their business plans to Africa, seeing it as a key market for global growth with significant long-term potential. Vehicle sales could affect the intensity of auto production, which is linked to the use of rubber tires. Japan’s Nikkei rose 1.4%, surpassing the 40,000 mark for the first time in five months.

Meanwhile, oil prices fell the most since March 2023 on June 27. Natural rubber often takes a hit from oil as it competes for market share with synthetic rubber, which is made from crude oil. Chinese mills are preparing to pilot direct purchases of 300 tonnes of rubber from Thai farmers under a deal that would cut tariffs to zero from 20%, according to Chinese commodities data provider Longzhong Information.

In another development, Michelin Group (France) expects global output in 2025 to decrease by about 2-3% compared to the same period last year, although it expects growth to return in the second half of the year.

This outlook, announced by Michelin during a call with investors on June 25, reflects the context of the original equipment (OE) market continuing to be under pressure, along with the negative impact from exchange rate fluctuations.

Michelin said the overall market environment remains “blurred and uncertain,” with demand differing significantly by region and segment. In particular, the OE passenger car and light truck (PC/LT) market is expected to remain “difficult” through the end of the year, with the exception of China, where growth is expected, although it may be affected by trade tensions with the United States.

In contrast, the PC/LT and truck & bus (TBR) replacement segments were rated as “stable as usual.” However, Michelin warned that the latest geopolitical developments were adding to the uncertainty of the global trading landscape.

OE demand in the truck and off-road segments is expected to remain a drag, particularly in North America, where Michelin sees a recovery in 2026 at the earliest. Mining tires, meanwhile, are expected to be a growth driver thanks to favorable year-over-year comparisons and positive demand.

In the first half of the year, Michelin said production fell by about 50%, while the negative impact from the product mix was 70–75%. The impact from exchange rates in the first 6 months of the year was 25–30%.

The closure of the Cholet plant in France – ending production a few months early – is part of a restructuring effort that is expected to contribute €150 million to 2025 results.

Domestic rubber price

In the domestic market, rubber purchasing prices at large enterprises are stable. Specifically, Ba Ria Rubber Company purchases latex at 405 VND/TSC degree/kg (applied to TSC degrees from 25 to under 30); DRC coagulated latex (35 - 44%) at 13,500 VND/kg; raw latex remains unchanged at 17,200 - 18,500 VND/kg.

Mang Yang Rubber Company purchases grade 1 latex at 400 VND/TSC/kg; grade 2 latex at 395 VND/TSC/kg.

Grade 1 mixed latex is at 399 VND/DRC/kg; grade 2 mixed latex is at 351 VND/DRC/kg.

Phu Rieng Company offers to buy mixed latex at 385 VND/DRC, and buy latex at 420 VND/TSC.

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

Grade 1 mixed latex is at 409 VND/DRC/kg; grade 2 mixed latex is at 359 VND/DRC/kg./.

Source: https://baolamdong.vn/gia-cao-su-hom-nay-1-7-tiep-da-tang-nhe-290184.html