Rise to two-week high

Rubber prices in Japan and Thailand rose to their highest levels in two weeks on concerns that adverse weather will disrupt global rubber production.

World rubber price

Rubber prices on some exchanges have risen to their highest in two weeks, as adverse weather conditions across global production regions, especially in Thailand – the world’s largest rubber producer, could disrupt supplies.

Besides, rising oil prices also put pressure on the synthetic rubber market and increased the price of natural rubber.

In the trading session on September 18, the price of RSS 3 rubber at the Osaka Exchange (OSE) - Japan decreased by 1.2 yen/kg, to 376.2 yen/kg for the September contract; the January 2025 contract decreased by 0.2 yen/kg, to 374.3 yen/kg.

The September natural rubber contract on the Shanghai Futures Exchange (SHFE) in China reached 15,615 yuan per tonne after increasing by 0.26%; similarly, the January 2025 contract stood at 17,025 yuan per tonne after increasing by 1.1%.

Meanwhile, in Thailand, the price of RSS 3 rubber contract for September delivery in Bangkok continued to increase by 0.3% compared to the previous day, to 91 Baht/kg.

According to a report by the General Department of Rubber under the Ministry of Agriculture, Forestry and Fisheries of Cambodia, Cambodia earned US$328.3 million from natural rubber latex exports in the first eight months of 2024, up 15.5% compared to US$284.1 million in the same period in 2023.

This figure is equivalent to an export volume of 209,733 tons in 8 months, up 2.2% compared to 205,168 tons in the same period in 2023.

"The average price of a ton of rubber latex in the first eight months of the year was $1,565, about $180 higher than the same period last year," said Khun Kakada, acting director general of the General Department of Rubber.

This Southeast Asian country exports rubber mainly to Malaysia, Vietnam, Singapore and China.

According to the report, Cambodia's current rubber plantation area is 407,172 hectares, of which 320,184 hectares, accounting for 78.6%, are mature enough for exploitation, according to Xinhua.

Earlier this year, Prime Minister Hun Manet asked tire manufacturers to choose domestic rubber for production. This will help create a market for Cambodia’s rubber farmers. Cambodia’s tire industry has seen strong growth in recent times. The three leading names in the industry are General Tires Technology, Sailun Group and Qingdao Doublestar Group.

Domestic rubber price

Domestically, the purchase price of raw rubber latex at companies remains stable at 383-409 VND/TSC.

Accordingly, Ba Ria Rubber Company announced the purchase price of liquid latex at around 399 - 409 VND/TSC; DRC coagulated latex price from 35 to 44% at 14,700 VND/kg; raw latex is 18,200 - 19,600 VND/kg.

Phu Rieng Rubber Company quoted the price of mixed latex at 360 VND/DRC and 400 VND/TSC for water latex.

The purchase price of Mang Yang Rubber Company's latex is 360 - 402 VND/TSC, while Binh Long Rubber Company's is 383 - 393 VND/TSC.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-18-9-tang-len-muc-cao-nhat-trong-hai-tuan-229539.html