The price of rubber futures on the Japanese floor this morning plunged more than 4% in this morning session. Meanwhile, rubber prices on the Shanghai floor simultaneously went up.
At the Tokyo Commodity Exchange (TOCOM), the price of rubber for delivery in December 2022 reached 216.5 yen/kg, down 1.86% (equivalent to 4.1 yen/kg) at the time of the survey. at 7:20 am (Vietnam time).
On the Shanghai Commodity Futures Exchange (SHFE), the price of RSS3 rubber for delivery in January 2023 was adjusted to 13,185 yuan/ton, up 0.84% (equivalent to 110 yuan). compared to the previous transaction.
According to Statistics Malaysia, Malaysia's natural rubber production fell 10.3% to 31,795 tons in October 2022 from 35,460 tons in September 2022; down 26.3% from 43,127 tons in October 2021.
Mr. Mohd Uzir Mahidin, Head of Statistics Division, said that smallholders contributed 87.8% of output while the real estate sector accounted for 12.2%.
Total natural rubber reserves decreased by 0.3% to 198,122 tons in October 2022 from 198,706 tons in September 2022. In which, rubber processing factories accounted for 90.8%, followed by rubber consuming factories (9.1%) and rubber facilities (0.1%).
He said, Malaysia's natural rubber exports reached 41,548 tons in October 2022, down 23.8% from 54,542 tons in September 2022.
China is still the main market for Malaysian natural rubber exports, accounting for 56.2% of total exports in October 2022, followed by Germany (8.2%), Brazil (3.3%) ), Finland (3.2%), and Iran (3.0%).
He emphasized: "This export result has the contribution of products made from natural rubber, such as gloves, tires, tubes, rubber threads and condoms".
“Gloves are the main export among rubber products with a value of RM1.1 billion in October 2022, down 13.2% from RM1.3 billion in September 2022. ,” he added.
The average monthly price shows that concentrated rubber recorded a decrease of 2.2% to 466.42 sen/kg in October 2022 from 476.76 sen/kg the previous month, while scrap rubber increased 1.2% to 471.29 sen/kg from 465.86 sen/kg.
Prices of all Malaysian standard rubbers fell from 0.6% to 2.1%, The Star reported.
Domestic rubber prices
According to the latest listed price, raw rubber latex in Binh Phuoc is purchased by Phu Rieng Rubber Company at the price of 262 - 272 VND/TSC;
In Binh Duong, the purchasing price of raw rubber latex of Phuoc Hoa Rubber Company fluctuates at 271 - 275 VND/TSC;
The price of rubber latex in Gia Lai is purchased by Mang Yang Rubber Company at the price of 230 - 240 VND/TSC.
Domestic rubber prices continued to remain stable. Meanwhile, our country's rubber market share is increasing in the Chinese market.
According to statistics from China Customs, in the 10 months of 2022, China's rubber import value (HS 4001, 4002, 4003, 4005) reached more than 10.7 billion USD, up 5.7 % over the same period in 2021. Vietnam is the second largest rubber supplier to China with $1.8 billion, up 6.6% over the same period in 2021.
Vietnam's rubber market share in China's total import value in the 10 months of 2022 accounted for nearly 17%, higher than 16.7% in the 10 months of last year. Meanwhile, Thailand decreased from 33.6% to 33.2%, Malaysia decreased to 8.8%, Japan decreased to 5.6%...
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