Rubber price today May 21, 2025: Price increases again thanks to the thriving Chinese auto market

Domestic rubber price today: Stable, quiet trading

On the morning of May 21, 2025, the domestic rubber market continued to maintain stable prices. Major companies maintained the purchase prices of latex and mixed latex as in previous days, with no significant adjustments recorded.

Specifically, at Binh Long Rubber Company, latex is purchased at a price of 386 to 396 VND/TSC/kg. Mixed latex with 60% DRC is currently traded at 14,000 VND/kg.

Ba Ria Rubber Company applies latex prices according to each TSC level: from 452 VND/kg for TSC level above 30, 447 VND/kg for TSC level from 25 to under 30, and 442 VND/kg for TSC level from 20 to under 25.

For mixed latex, cup latex and coagulated latex with DRC of 50% or more, the highest price is 18,000 VND/kg. The type from 45-50% is purchased at 16,700 VND/kg, while the type from 35-45% is traded at 13,500 VND/kg.

At Mang Yang Rubber Company, the price of latex fluctuates from 397 to 401 VND/TSC, while mixed latex is purchased at 359 to 409 VND/DRC. Phu Rieng Rubber Company still maintains the purchase price of grade 1 latex at 440 VND/TSC/kg and mixed latex at 400 VND/DRC/kg.

The general situation shows that the domestic rubber market is quite quiet, prices are stable due to lack of strong fluctuations in both supply and demand.

World rubber price on May 21: Signs of recovery amid expectations of growth in China's auto industry

On the morning of May 21, world rubber prices had mixed developments when the SGX - Singapore exchange recorded slight fluctuations while the Thai exchange decreased significantly. Specifically, the TSR20 contract for June 2025 on the SGX exchange decreased by 0.30 cents, down to 172.50 cents/kg. The July contracts decreased by 0.20 cents, while the September contract increased slightly to 173 cents/kg. This development shows that the market has not yet determined a clear short-term trend.

On the TOCOM – Tokyo exchange, RSS3 rubber prices remained almost flat, remaining stable at around 341–344 yen/kg. Meanwhile, the Shanghai Futures Exchange (SHFE) also had little change, with rubber prices remaining in the range of 16,640–16,815 yuan/ton. In Thailand alone, the June rubber futures contract fell 1.1% to 76.29 baht/kg, reflecting downward pressure in Southeast Asia.

However, market sentiment is being supported by the strong growth prospects of China's auto industry. In the first four months of 2025, the country reached the milestone of more than 10 million vehicles in both production and consumption for the first time. New energy vehicles (NEVs) are the main driving force, with production and consumption growth of over 45%.

Strong domestic consumption trends, along with a 53% increase in electric vehicle exports, are creating expectations that demand for industrial rubber – the main raw material for tire production – will recover in the coming time. According to experts, the market share of domestically produced vehicles exceeding 70% and policies supporting the auto industry in China will be a significant boost for the global rubber market in the medium term.

Source: https://baoquangnam.vn/gia-cao-su-hom-nay-21-5-2025-tang-gia-tro-lai-nho-thi-truong-o-to-trung-quoc-khoi-sac-3155202.html