Domestic decline, world fluctuations in opposite directions

Rubber prices today, November 19, fluctuated in opposite directions on the Tocom and SHFE exchanges. Meanwhile, domestically, companies simultaneously lowered their purchasing prices on the first day of the week.

World rubber price

According to www.giacaphe.com, the price of RSS 3 rubber for delivery in January 2025 at the Tocom Exchange (Tokyo), Japan, continued to decrease by 0.73% (equivalent to a decrease of 2.5 yen/kg) compared to the previous trading session, down to 341 yen/kg.

On the contrary, on the Shanghai Commodity Exchange (SHFE) - China, the price of natural rubber contract for delivery in January 2025 increased by 0.23% (equivalent to an increase of 40 yuan/ton), to 17,405 yuan/ton.

According to Malaysian state news agency Bernama, the Malaysian Rubber Glove Manufacturers Association (MARGMA) forecasts that the rubber market will have a positive development this week, thanks to the delay in the implementation of the European Union Deforestation Regulation (EUDR).

MARGMA said that the European Parliament's official approval of the one-year delay in the implementation of the EUDR after the European Commission's proposal is expected to help ease market pressure.

Additionally, adverse weather conditions in key rubber producing regions such as Thailand could continue to disrupt supplies and support prices.

Agreeing with the association's view, rubber industry expert Denis Low said that stockpiling activities will help maintain the balance between prices and demand.

He also noted that demand is likely to be volatile due to a trend of replenishment rather than an increase in usage volume, due to rainy weather in rubber-producing countries and current economic uncertainties.

China and the European Union will continue technical talks this week to find alternatives to imposing additional tariffs on electric vehicles, following recent discussions in Beijing.

“Since rubber is an important commodity for the auto industry, it will face volatility if the duties are imposed unfairly,” added Mr. Denis Low.

Currently, in the context of the global economic recession, rubber consumption demand also shows signs of decreasing, which affects domestic rubber prices in Malaysia.

Update domestic rubber prices

In the domestic market, purchasing prices of companies have been adjusted down on the first day of the week.

Ba Ria Rubber Company adjusted the purchase price of latex down by VND8/TSC to VND457 - 467/TSC. In addition, DRC coagulated latex (35 - 44%) decreased by VND700/kg, to VND13,500/kg; raw latex decreased by VND900 - 1,000/kg, fluctuating between VND16,700 - 18,000/kg.

Phu Rieng Rubber Company kept the purchase price of mixed latex at 435 VND/DRC, down 10 VND/TSC. Similarly, liquid latex decreased slightly by 10 VND/TSC, down to 475 VND/TSC.

At Mang Yang Rubber Company, today's price continues to remain stable at 443 - 447 VND/TSC for liquid latex; mixed coagulated latex reaches 406 - 461 VND/DRC.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-19-11-trong-nuoc-giam-the-gioi-bien-dong-trai-chieu-234569.html