Rubber price today May 13: Japan continues to increase

World rubber price

At the end of the trading session on May 12, in China, the price of rubber futures for May delivery on the Shanghai Stock Exchange increased by 0.48% (70 yuan) to 14,550 yuan/ton. Similarly, the price of rubber futures for May delivery on the OSE in Japan increased by 0.8% (2.5 yen/kg) to 310 yen/kg.

Rubber prices maintained their upward momentum after the world's two largest economies , the US and China, agreed to a deal to cut reciprocal tariffs and suspend tax measures for 90 days, boosting positive sentiment from investors in the market.

Elsewhere in Europe, retail sales of replacement tyres to consumers in the region rose 3% year-on-year in the first quarter, with all-season tyres up a whopping 14%, according to figures from the European Tyre and Rubber Manufacturers Association (ETRMA). Total passenger car tyre sales (including summer, winter and all-season tyres) reached 58.7 million units, up from 57.3 million units in the same period last year.

Specifically, summer tire sales decreased by 3%, winter tires increased by 5%, while all-season tires continued to expand strongly thanks to user preference. This recovery continues the growth trend that began in the second half of 2024, with production now nearly at the level achieved in the first quarter of 2019, before the COVID-19 pandemic.

In contrast, truck and bus tire sales fell 4% year-on-year and 11% year-on-year in the first quarter of 2019, due to the impact of economic and political uncertainty. Agricultural tires also fell 4% year-on-year, not yet recovering to pre-pandemic levels. Motorcycle and scooter tires, meanwhile, rose 7%, but from a low base in 2024.

The growth of all-season tyres reflects the European consumer’s shift towards convenience and the ability to use tyres in a variety of weather conditions, reducing maintenance and seasonal tyre replacement costs. The European tyre market is growing strongly with the increase in the number of vehicles, especially electric vehicles, and technological innovation focusing on durability, performance and environmental friendliness.

In summary, the strong demand for all-season tires has contributed to bringing total replacement tire sales (for passenger cars) in Europe to near pre-pandemic levels, in a context where the market is gradually recovering and adapting to new trends in technology and consumption.

Domestic rubber price

Domestically, the purchase price of latex at large enterprises remains stable. Specifically, at Phu Rieng Rubber Company today, the purchase price of grade 1 latex is 440 VND/TSC/kg; the price of mixed latex is 400 VND/DRC/kg.

Accordingly, Mang Yang Rubber Company's purchase price for latex fluctuates between 397 - 401 VND/TSC (type 2-type 1), and mixed latex is around 359 - 409 VND/DRC (type 2-type 1), down 20 VND.

Similarly, the purchasing price at Binh Long Rubber Company remains stable: Water latex: 386-396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.

At Ba Ria Rubber Company, the price of latex rubber today: Level 1 is priced at 452 VND/ TSC degree/kg, applicable to TSC degrees from 30 and above; Level 2 is priced at 447 VND/ TSC degree/kg, applicable to TSC degrees from 25 to under 30; Level 3 is priced at 442 VND/ TSC degree/kg, applicable to TSC degrees from 20 to under 25.

Today's mixed latex prices: Cup latex, coagulated latex with DRC ≥ 50% at 18,000 VND/kg; Cup latex, coagulated latex with DRC from 45-50% at 16,700 VND/kg; Clotted latex with DRC from 35-45% at 13,500 VND/kg.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-13-5-nhat-ban-tiep-da-tang-252376.html