Rubber prices on international exchanges recorded a slight increase, reflecting a stable demand outlook and support from external factors such as a weaker Japanese yen and the possibility of a delay in the EU's anti-deforestation regulation.
World rubber price
On the Osaka Exchange (OSE) Japan: RSS 3 rubber price for March 2025 delivery increased slightly by 0.1% to 391.9 yen/kg compared to 391.4 yen/kg the previous day.
On the Shanghai Commodity Exchange (SHFE): Natural rubber futures for January 2025 delivery rose 90 yuan/ton (or 0.5%) to 18,260 yuan/ton.
However, in Bangkok (Thailand), the price of RSS 3 rubber for November delivery recorded a slight decrease of 1%, down to 89.95 Baht/kg.
The main reason for the slight increase in rubber prices on the exchanges was the easing of supply concerns as the EU postponed anti-deforestation regulations. In addition, a weaker Japanese yen, hovering near a two-and-a-half month low, also supported rubber prices as yen-denominated assets became more attractive to foreign buyers.
Oil price impact: Oil prices fell in today’s trading session, putting pressure on natural rubber as it competes with synthetic rubber, which is made from crude oil. However, steady demand from China and a recovery in tire factories kept rubber prices from falling too much.
Domestic rubber price
In the domestic market, rubber prices today did not fluctuate much compared to yesterday:
Phu Rieng Rubber Company: The purchase price of mixed latex remains at 455 VND/DRC, and liquid latex reaches 495 VND/TSC.
Ba Ria Rubber Company: Water latex is purchased at 440 - 450 VND/TSC, DRC latex ranges from 15,700 VND/kg, and raw latex from 19,500 - 21,000 VND/kg.
Mang Yang Rubber Company: Water latex is still quoted at 443 - 447 VND/TSC, and winter latex fluctuates from 406 - 461 VND/DRC.
According to the General Department of Customs, in the first 9 months of 2024, Vietnam exported 1.32 million tons of rubber, bringing in nearly 2.1 billion USD. 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 high rubber prices. The average export price of Vietnamese rubber in the first 9 months of the year reached 1,592 USD/ton, up 19% compared to last year.
Source: https://baodaknong.vn/gia-cao-su-hom-nay-23-10-tang-nhe-tren-san-giao-dich-thuong-hai-232255.html
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