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.
World rubber price
At the end of this morning's trading session, the price of rubber futures for August on the OSE - 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, rubber futures for August delivery rose 0.7% (0.5 baht) to 74.58 baht/kg.
Global rubber and chemical industry update
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.
Sinochem Equipment Technology (Qingdao) – a subsidiary of state-owned Sinochem Group – plans to acquire two machinery equipment manufacturers: Yiyang Rubber & Plastic Machinery Group and Bluestar (Beijing) Chemical Machinery, to expand its production capacity of equipment for the rubber and chemical industries.
IKEA Group is in talks with Hainan Rubber Company and the World Wide Fund for Nature (WWF) on sustainable development strategies for the natural rubber industry in China. The trilateral meeting took place on July 9 in Haikou, focusing on sustainable sourcing, supply chains and overseas rubber plantation projects.
Despite the investment, Sinochem Equipment expects a net loss of 14.7-22.1 million yuan (1.7-2.6 million euros) in the first half of 2025, due to a decline in demand and investment in the petrochemical and tire industries.
Domestic rubber price
Domestically, the purchase price of rubber latex at large enterprises has not fluctuated. Specifically, at Ba Ria Rubber Company, the purchase price of liquid latex is 390 VND/TSC degree/kg (applied to TSC degrees from 25 to under 30); DRC coagulated latex (35 - 44%) is 12,700 VND/kg, raw latex is recorded at 15,800 - 17,000 VND/kg.
Phu Rieng Company offers to buy mixed latex at 370 VND/DRC, and buy latex at 400 VND/TSC.
Binh Long Rubber Company currently buys latex at 386 - 396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.
MangYang Company quotes latex purchase price of about 389 - 393 VND/TS
Source: https://baolamdong.vn/gia-cao-su-hom-nay-22-7-dien-bien-tich-cuc-383158.html
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