Slight increase on 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 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 (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.

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, steady demand from China and recovery of tire factories kept rubber prices from falling too much.

Domestic rubber prices

In the domestic market, rubber prices today have not fluctuated 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 coagulated 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