Update world rubber prices
At the opening of the trading session on June 16, the price of rubber futures for June delivery on the OSE in Japan increased by 0.1% (0.3 yen) to 300.2 yen/kg. In China, the price of rubber futures for June delivery on the Shanghai Futures Exchange (SHFE) increased by 0.4% (50 yuan) to 13,850 yuan/ton. In Thailand, the price of rubber futures for July delivery decreased by 0.2% (0.13 baht) to 72 baht/kg.
Natural rubber prices fluctuated on major Asian exchanges amid improving US-China trade relations but concerns over rising supplies after the low season from February to May.
Oil prices rose nearly 9% late last week, following airstrikes between Israel and Iran, raising concerns that disruptions to oil supplies from the Middle East could impact synthetic rubber.
Some notable information on the rubber market
- Shandong Yongsheng Rubber (China) plans to build a tire factory in Morocco, with a capacity of 6 million passenger car tires/year.
- Continental (Germany) is restructuring its tyre portfolio in India, investing INR 1 billion (EUR 10 million) to expand production of ultra-high-performance (UHP) passenger car and light truck tyres at its Modipuram plant near New Delhi. At the same time, the company will discontinue its heavy-duty truck tyre (TBR) business in the country, including the dedicated production line at Modipuram.
- Sailun Group (China) plans to start commercial production at two new factories in Indonesia and Mexico by the end of 2025. Both factories produced the first tires at the end of May:
- PCBL Group (India) is purchasing 116 acres of land in Naidupeta, Andhra Pradesh state to build its 6th factory. The first phase will have a capacity of 150,000 tons/year of carbon black products for rubber, with the ability to expand up to 450,000 tons/year.
- Goodyear plans to close its tyre manufacturing plant in Kariega, South Africa – with a capacity of 10,000 tyres/day (passenger and off-road tyres) – as part of a restructuring of its EMEA operations.
- Sailun Group (China) signed a global off-road tire supply agreement with mining group Rio Tinto, focusing on the Simandou iron ore mining project in Guinea, effective from 2025–2030.
- ITAC (South Africa) imposed provisional anti-dumping duties on tires from Thailand, Vietnam, and Cambodia, following initial findings that Chinese manufacturers were evading duties through these countries.
Domestic rubber price
In the domestic market, rubber prices at large enterprises remained stable. Specifically, Ba Ria Rubber Company purchased liquid 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 remained unchanged at 17,200 - 18,500 VND/kg.
Phu Rieng Rubber Company purchases mixed latex at 400 VND/DRC; liquid latex at 435 VND/TSC.
Mang Yang Rubber Company purchases latex at a price ranging from 397 to 401 VND/kg, depending on the type. Accordingly, grade 1 latex is at 401 VND/kg/kg; grade 2 latex is at 397 VND/kg/kg.
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://baodaknong.vn/gia-cao-su-hom-nay-16-6-dao-dong-trong-bien-do-hep-255691.html
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