Japanese rubber prices continued to decline today (July 17) due to concerns about increased supply and reduced demand, while rubber prices in Thailand and China increased slightly. Domestically, rubber purchasing prices at large enterprises remained stable.
World rubber prices
At the end of this morning's trading session, the August rubber futures price on the OSE - Japan decreased by 0.1% (0.3 Yen) to 313.7 Yen/kg.
In China, the August rubber futures price on the Shanghai Futures Exchange (SHFE) increased by 0.8% (110 Yuan) to 14,410 Yuan/ton.
In Thailand, the August rubber futures price increased by 0.2% (0.11 Baht) to 73.13 Baht/kg.
Malaysian rubber market ended the trading session in the red due to the impact of falling crude oil prices and market sentiment dominated by complex geopolitical developments.
The Malaysian rubber market ended the session in the red, weighed down by falling crude oil prices and market sentiment dominated by complex geopolitical developments, according to Bernama.
Notably, US President Donald Trump's announcement of a 50-day ultimatum to Russia to end the war in Ukraine, along with the threat of sanctions against Russian oil buyers.
The benchmark SMR 20 rubber price fell 1.5 sen to 716.50 sen/kg, while the liquid latex price was unchanged at 564.00 sen/kg.
A rubber dealer said market sentiment was affected by concerns over US tariffs and escalating geopolitical tensions.
“Trump has announced a series of high tariffs against major economies in the past week, most recently imposing a 30% tariff on goods from Mexico and the European Union,” she told Bernama.
However, she also noted that the sharp decline in the rubber market was somewhat limited by positive economic data from China.
“China’s GDP in the second quarter reportedly grew 5.2% year-on-year, beating the forecast of 5.1%,” she said.
“Growth in the first half of 2025 is expected to reach 5.3%, continuing to exceed Beijing’s target of 5%,” she added.
Meanwhile, in Japan, rubber futures reversed course to fall, ending a five-session winning streak. This was mainly due to reduced rainfall in Thailand, which has helped taps return to normal. Meanwhile, concerns about electric vehicle demand in China continued to weigh on investor sentiment.
The most-active butadiene rubber contract for August delivery on the Shanghai Futures Exchange fell 50 yuan, or 0.43%, to 11,535 yuan (about $1,607.84) a tonne.
Although the Thai Meteorological Department has warned of heavy rain and flooding from July 19 to 21, rainfall has now eased in line with seasonal trends, allowing rubber tapping to return to normal, according to Chinese financial data site Tonghuashun.
Natural rubber typically enters a low production period from February to May, before entering a peak harvest season that lasts until September.
Global electric vehicle sales rose 24% in June, with China alone recording a 28% year-on-year increase to 1.11 million units. However, reports of a possible slowdown in China as some cities run out of subsidies continue to weigh on the rubber market.
Domestic rubber prices
In the domestic market, the purchase price of rubber latex at large enterprises continues to be stable. Specifically, MangYang Company quotes the purchase price of latex at about 389 - 393 VND/TSC (type 2 - type 1); and mixed latex at about 340 - 388 VND/DRC (type 2 - type 1).
At Binh Long Rubber Company, the purchase price of latex is currently at 386 - 396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.
Phu Rieng Company offers the purchase price of mixed latex at 380 VND/DRC, the purchase price of latex at 410 VND/TSC.
At Ba Ria Rubber Company, the purchase price of latex is at 390 VND/TSC/kg (applied to TSC from 25 to under 30); DRC coagulated latex (35 - 44%) is at 12,700 VND/kg, raw latex is recorded at 15,800 - 17,000 VND/kg.
https://thuongtruong.com.vn/news/gia-cao-su-hom-nay-177-bien-dong-khong-dong-nhat-145250.html
