Rubber price today November 3: Simultaneous decrease on Asian exchanges

World rubber prices weaken across the board

In the morning trading session on November 3, rubber prices in major markets in Asia continued to decline. The main reason was determined to be the slowdown in consumption demand, especially from China, while supply is entering the peak harvest period.

Specifically, at Japan's Osaka Exchange (OSE), the price of rubber futures for December delivery decreased by 1 yen, equivalent to 0.3%, to 307 yen/kg. In the Chinese market, the price of rubber also decreased by 50 yuan (0.3%), closing at 14,525 yuan/ton. Similarly, the price of rubber futures for December delivery in Thailand decreased by 0.09 baht (0.1%) to 67.00 baht/kg.

Rubber price today 11/3 fluctuates within a narrow range — Rubber prices in Asian markets are under downward pressure.

Key factors affecting the market

Weak demand and increasing supply

China's manufacturing activity contracted for a seventh straight month in April, reflecting weak domestic demand in the world's second-largest economy , Reuters reported. The country's manufacturing purchasing managers' index (PMI) remained below 50, indicating the sector is still in contraction.

Meanwhile, according to brokerage CICC Wealth Futures, key rubber growing regions at home and abroad are entering the peak harvest season. Favorable weather is forecast to rapidly increase raw material supply, putting further downward pressure on prices.

Impact from macro factors and related industries

The cooling of global oil prices due to a stronger US dollar and increased supply from major producers has also put pressure on natural rubber prices. Natural rubber competes with synthetic rubber, a product made from petroleum.

In addition, the semiconductor crisis related to Nexperia continues to affect the global auto industry. Many manufacturers have had to cut production, leading to a decline in demand for tires and rubber.

In another development, Toyo Tire Corporation (Japan) said it is considering the possibility of expanding production capacity to serve its medium-term growth strategy for the period 2026-2030. However, the company affirmed that no official decision has been made yet.

Domestic rubber market remains stable

Contrary to the global situation, the purchase price of rubber latex in the domestic market on November 3rd did not record any fluctuations. Major rubber companies maintained the purchase price unchanged compared to the previous sessions.

Unit	Type of latex	Purchase price
Ba Ria Rubber Company	Latex (25-30 TSC)	405 VND/degree TSC/kg
	DRC latex (35-44%)	13,500 VND/kg
MangYang Company	Latex (type 1-2)	394 – 399 VND/TSC
	Mixed latex (type 1-2)	359 – 409 VND/DRC
Phu Rieng Company	Miscellaneous latex	390 VND/DRC
	latex	420 VND/TSC
Binh Long Company	latex	422 VND/degree TSC/kg