Slightly higher on the Shanghai Stock Exchange

Rubber prices on international exchanges recorded a slight increase, reflecting the prospect of stable demand and support from external factors such as a weaker Japanese yen and the possibility of a temporary suspension of EU anti-deforestation regulations.

World rubber prices

On the Osaka Stock Exchange (OSE) in Japan: The price of RSS 3 rubber for March 2025 delivery rose slightly by 0.1%, reaching 391.9 yen/kg compared to 391.4 yen/kg the previous day.

On the Shanghai Futures Exchange (SHFE): Natural rubber futures for January 2025 delivery rose 90 yuan/tonne (equivalent to 0.5%), to 18,260 yuan/tonne.

However, in Bangkok (Thailand), the price of RSS 3 rubber for November delivery recorded a slight decrease of 1%, to 89.95 Baht/kg.

The main reason for the slight increase in rubber prices on exchanges is concern about reduced supply as the EU temporarily suspends anti-deforestation regulations. In addition, a weaker Japanese yen, fluctuating near its lowest level in two and a half months, also supported rubber prices as yen-denominated assets became more attractive to foreign buyers.

Impact of oil prices: Oil prices fell in today's trading session, putting pressure on natural rubber as it competes with synthetic rubber – which is produced from crude oil. However, stable demand from China and the recovery of tire manufacturing plants have prevented rubber prices from falling too sharply.

Domestic rubber prices

In the domestic market, rubber prices today showed little change compared to yesterday:

Phu Rieng Rubber Company: The purchase price for mixed latex remains at 455 VND/DRC, and liquid latex at 495 VND/TSC.

Ba Ria Rubber Company: Liquid latex is purchased at 440-450 VND/TSC, DRC coagulated latex ranges from 15,700 VND/kg, and raw latex from 19,500-21,000 VND/kg.

Mang Yang Rubber Company: Liquid latex is still being offered at a purchase price of 443-447 VND/TSC, and coagulated latex ranges from 406-461 VND/DRC.

According to the General Department of Customs, in the first nine months of 2024, Vietnam exported 1.32 million tons of rubber, earning nearly $2.1 billion. Although the export volume decreased by 6.2%, the export value still increased sharply by 11.7% compared to the same period in 2023 thanks to higher rubber prices. The average export price of Vietnamese rubber in the first nine months reached $1,592 per ton, an increase of 19% compared to last year.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-23-10-tang-nhe-บน-san-giao-dich-thuong-hai-232255.html