World rubber prices increase and decrease in opposite directions

The Vietnam Commodity Exchange (MXV) said that the world raw material market was relatively quiet as the US and UK markets were closed for holidays. At the end of the first trading session of the week, the MXV-Index moved sideways around 2,202 points. In the energy market, the prices of two crude oil products fluctuated within a narrow range. Meanwhile, rubber prices recorded mixed movements on the Osaka and Singapore exchanges.

Giá cao su thế giới tăng - giảm trái chiều

MXV-Index

Cautious sentiment prevails in crude oil market

At the end of yesterday's trading session, the energy market recorded slight fluctuations with oil prices fluctuating within a narrow range. Specifically, WTI oil prices remained unchanged at 61.5 USD/barrel, while Brent oil prices only decreased slightly by 0.06% to 64.7 USD/barrel.

Energy price list

The cautious mood continued to dominate the market as investors awaited the decision of OPEC+ on the production plan for July, which is expected to be discussed at an important meeting this week. According to some foreign sources, OPEC+ countries have decided to change the meeting date by one day. This meeting is separate from the online OPEC+ ministerial meeting scheduled to take place on May 28.

So far, the possibility of this group continuing to increase production by 411,000 barrels/day remains open. However, if approved, this will be the third consecutive month of OPEC+ increasing production sharply, far exceeding the original plan of only about 137,000 barrels/day, raising concerns about the risk of oversupply and continuing to put pressure on oil prices.

In addition, the market also received positive news from the US when President Donald Trump announced the withdrawal of the proposal to impose a 50% tax on imports from the EU, and at the same time restored the deadline for trade negotiations between the two sides to July 9.

The 50% tariff proposal, which was announced on May 23 and will take effect on June 1, has made the market worried about new trade tensions, especially as the White House’s deadline for a tariff deferral is running out. However, positive news from the White House leader yesterday has helped the market to be somewhat more optimistic, thereby restraining the price decline.

Rubber market continues to fluctuate

In the industrial raw materials market, many commodities such as coffee and cocoa are temporarily closed as the market enters the US Memorial Day and UK Spring Bank Holiday holidays. Meanwhile, Malaysian palm oil and two rubber commodities on the Osaka and Singapore exchanges are still trading normally.

Closing the trading session on May 26, rubber prices fluctuated slightly. RSS3 rubber futures contract for July delivery on the Osaka exchange decreased slightly by 0.46%, at 2,263 USD/ton, while TRS20 rubber futures contract for July delivery on the Singapore exchange increased by 0.12%, currently at 1,702 USD/ton.

Industrial raw material price list

On the supply side, according to government data, total rubber exports in the first quarter of Thailand, Indonesia, Vietnam and Malaysia reached 1.76 million tons, almost unchanged from the same period last year. Of which, Thailand increased by 1.8%, Indonesia increased by 7.6%, while Vietnam decreased by 7.5% and Malaysia decreased by 3%.

Major harvests are now underway in Asia. In Japan, the harvest has already begun and is expected to add to global supplies. However, forecasts of heavy rains in Thailand, the world’s largest rubber producer, have raised concerns about flooding that could disrupt production.

In Malaysia, the state of Sabah is trying to revive the rubber industry with modernization programs planned by the Rubber Smallholder Development Authority (RISDA), such as building high-tech warehouses, adopting advanced tapping techniques and promoting the production of value-added products, to improve productivity and ensure sustainable development of the industry.

On the demand side, the total rubber import volume in the first quarter of the US, EU and China reached 1.22 million tons, up sharply by 22.4% over the same period last year. Of which, imports from China increased by nearly 50% to 780.6 thousand tons, while the EU decreased by 10% to 255.4 thousand tons.

Strong demand from China, the world’s top rubber consumer, especially in the tire industry, has helped limit the decline in prices. China’s rubber tire exports in the first four months of 2025 rose 6.2% year-on-year to 3.03 million tons, according to customs data cited by Everbright Futures.

Notably, according to research firm Jato Dynamics, Chinese electric carmaker BYD surpassed Tesla in the European market for the first time in April, with 0.92% higher deliveries. This has eased market concerns, thereby providing important support for rubber prices in the market.

Prices of some other goods