Rubber price today August 4: Tendency to decrease

Rubber prices are forecast to continue trading in a narrow range with a downward trend this week, according to some comments.

At the end of this morning's trading session, the price of August rubber futures on the Shanghai Futures Exchange (SHFE) - China decreased by 2.17% (320 yuan) to 14,405 yuan/ton.

In Thailand, rubber futures for August delivery remained flat at 72.27 baht/kg.

Meanwhile, the Japanese market (OSE) decreased by 0.2% (0.7 Yen) to 316.2 Yen/kg.

Compared to the end of last week, rubber prices in China, Thailand and Japan changed by (-7%), (-5%) and (-1%) respectively.

Rubber prices fell across major Asian exchanges, marking their first weekly decline after six consecutive weeks of gains. The main reasons were weakening global demand and disappointment over the outcome of a meeting of the Chinese Politburo , which did not provide strong economic stimulus measures as expected.

Meanwhile, in Thailand - the world's leading rubber producing country, the meteorological agency forecasts that rainfall will decrease during the period from August 1 to 4, which could affect output in the coming time.

Domestically, from July 30, Phu Rieng Company offered to purchase mixed latex at 390 VND/DRC, and liquid latex at 420 VND/TSC, an increase of 5 VND/TSC/DRC compared to the previous period.

Meanwhile, other businesses stabilized rubber prices. Specifically, at Binh Long Company, the rubber purchase price at the Factory was 409 VND/TSC/kg, the purchase price at the production team was 399 VND/TSC/kg, and the price of mixed latex (DRC 60%) was 14,000 VND/kg.

Similarly, MangYang Company quoted the purchase price of latex at about 392 - 396 VND/TSC (type 2-type 1), mixed latex at about 352 - 401 VND/DRC (type 2-type 1).

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

Source: https://baolamdong.vn/gia-cao-su-hom-nay-4-8-co-xu-huong-dieu-chinh-giam-386314.html