Rubber price today May 31: Rubber on the exchanges...

World rubber price

At the end of today's trading session, the price of rubber futures for June delivery on the Shanghai Stock Exchange - China decreased by 1.9% (265 yuan) to 13,745 yuan/ton. Similarly, the price of rubber futures for June delivery on the OSE Exchange in Japan decreased by 1.6% (5.3 yen/kg) to 327.7 yen/kg.

In Thailand, rubber futures for June delivery fell 0.2% (0.17 baht) to 74.58 baht/kg.

On the SGX - Singapore floor, the price of TSR20 rubber for June 2025 contract decreased slightly by 0.40 cent/kg, down to 166.20 cent/kg; for July 2025, it decreased by 2 cent/kg, down to 164.50 cent/kg.

According to Chinese financial news site Tonghuashun Information, domestic rubber production areas as well as plantations in Vietnam have begun to fully harvest, increasing supply pressure.

In China, intensifying price competition has raised concerns about a long-anticipated “cleanup” in the world’s largest auto market, after Chinese electric vehicle giant BYD launched new discounts on more than 10 models.

Tesla’s European sales fell 49% in April compared to the same month last year, despite a 27.8% increase in battery electric vehicle (BEV) sales in the region. The US electric carmaker’s Model Y upgrade shows little sign of improving the brand’s performance in the European market.

The Japanese yen rose 0.3% against the dollar, trading at 143.73 yen per dollar. The yen’s rebound makes assets priced in the currency more expensive for foreign buyers.

Rubber production is typically low from February to May, before entering the peak harvest season that lasts until September. Recently, the Meteorological Department of Thailand – the leading rubber producer, warned of heavy rains and the possibility of flash floods, and advised farmers to be vigilant against the risk of crop damage.

Natural rubber is often subject to oil price adjustments as it competes for market share with synthetic rubber produced from crude oil. Oil prices remained steady, as news emerged that the eight OPEC+ countries that pledged to voluntarily cut oil production will meet on May 31, 2025.

Domestic rubber price

In the domestic market, the purchase price of rubber latex at enterprises remains stable. Specifically, the purchase price of liquid latex at Binh Long Rubber Company is at 386 - 396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.

Phu Rieng Rubber Company purchases latex at 440 VND/TSC/kg; mixed latex at 400 VND/DRC/kg.

Ba Ria Rubber Company purchases level 1 latex at 452 VND/TSC degree/kg, applicable to TSC degrees of 30 or higher; level 2 at 447 VND/TSC degree/kg, applicable to TSC degrees from 25 to under 30; level 3 at 442 VND/TSC degree/kg, applicable to TSC degrees from 20 to under 25.

Cup latex, coagulated latex with DRC ≥ 50% at 18,000 VND/kg; cup latex, coagulated latex with DRC from 45-50% at 16,700 VND/kg; coagulated latex with DRC from 35-45% at 13,500 VND/kg.

Mang Yang Rubber Company purchases latex at a price ranging from 397 to 401 VND/kg, depending on the type. Accordingly, grade 1 latex is at 401 VND/kg/kg; grade 2 latex is at 397 VND/kg/kg.

Grade 1 mixed latex is at 409 VND/DRC/kg; grade 2 mixed latex is at 359 VND/DRC/kg./.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-31-5-cao-su-tren-cac-san-giao-dich-dong-loat-giam-gia-254185.html