Rubber price today July 21: Market expected to maintain upward trend

Rubber prices in major regions opened the first trading session of the week with positive developments, with expectations that the market will maintain an upward trend in the new week.

At the opening of the trading session on July 21, the August rubber futures price on the OSE in Japan increased by 0.3% (1 yen) to 322 yen/kg. In China, the August rubber futures price on the Shanghai Futures Exchange (SHFE) increased by 0.7% (100 yuan) to 14,895 yuan/ton. In Thailand, the August rubber futures price increased by 0.7% (0.5 baht) to 74.58 baht/kg.

China National Petroleum Corporation (CNPC) has put into operation new production lines in an industrial park in southern China’s Guangxi Zhuang Autonomous Region. The project includes a capacity of 120,000 tonnes/year of styrene-butadiene rubber (SSBR) and 80,000 tonnes/year of styrene-butadiene-styrene (SBS) thermoplastic rubber. The SSBR plant also produces a small amount of low-cis polybutadiene rubber, according to the European Rubber Journal.

In Europe, Dynasol has completed a line expansion at its Gajano plant (Santander, Spain) with an additional capacity of 20,000 tons/year of SSBR.

The plan was announced from 2022, along with the expansion of the SBC (styrene-butadiene copolymer) production line in Altamira (Mexico) by 10,000 tons/year. Before the new investment, the Santander plant had a capacity of 120,000 tons/year of SBS and SEBS, while Altamira had a capacity of 110,000 tons/year of SSBR and SBS.

In the US, Dow Inc. said it will restart some EPDM rubber production capacity at its Plaquemine, Louisiana, facility to meet growing global market demand. The specific capacity was not disclosed, but is expected to be operational in the fourth quarter of 2025.

Sailun Tire (Shenyang) Co., Ltd., a subsidiary of Sailun Group, will acquire Bridgestone's Shenyang truck and bus tire plant for 265 million yuan (equivalent to 31 million euros). The plant, which has a capacity of 1.7 million radial tires per year, has been idle since late 2023 when Bridgestone withdrew from the TBR tire market in China.

Domestically, businesses stabilize rubber prices. Specifically, Phu Rieng Company offers to purchase mixed latex at 370 VND/DRC, and latex at 400 VND/TSC.

Similarly, at Ba Ria Rubber Company, the purchase price of liquid latex is 385 VND/TSC degree/kg (applied to TSC degree from 25 to under 30); DRC coagulated latex (35 - 44%) is 12,300 VND/kg, raw latex is recorded at 15,300 - 16,500 VND/kg.

MangYang Company quotes a stable latex purchase price of about 389 - 393 VND/TSC (type 2-type 1); mixed latex is about 340 - 388 VND/DRC (type 2-type 1).

Source: https://baolamdong.vn/gia-cao-su-hom-nay-21-7-ky-vong-thi-truong-se-giu-xu-huong-tang-383033.html