Rubber price today July 28: Sideways trend

Rubber prices in major regions tended to move sideways at the opening of the first trading session of the week, with investor sentiment remaining cautious amid economic and political volatility.

At the opening of the trading session on July 28, in China, the price of rubber futures for August on the Shanghai Futures Exchange (SHFE) increased almost flat to 15,420 yuan/ton. In Thailand, the price of rubber futures for August also remained flat at 73.37 baht/kg. Meanwhile, the Japanese market (OSE) slightly decreased by 0.2% (0.8 yen) to 334 yen/kg.

The world rubber market fluctuated strongly last week, but the positive trend was clearly evident at the end of the week. In particular, the strong increase on July 26 on both SGX and Tocom showed that market sentiment is shifting to an optimistic state.

According to the Association of Natural Rubber Producing Countries (ANRPC), global rubber supply in 2025 is expected to increase by only 0.5%, while consumption demand will increase by 1.3%, creating a shortage of about 673,000 tons.

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-28-7-co-xu-huong-di-ngang-384035.html