The rubber market recorded optimistic developments after the news that the US and China agreed to an agreement to reduce reciprocal tariffs and suspend tax measures for 90 days.
World rubber prices
At the end of the trading session on May 12, in China, the May rubber futures price on the Shanghai Stock Exchange increased by 0.48% (70 yuan) to 14,550 yuan/ton. Similarly, the May rubber futures price on the OSE in Japan increased by 0.8% (2.5 yen/kg) to 310 yen/kg.
Rubber prices maintained their upward momentum after the world's two largest economies, the US and China, agreed to a reciprocal tariff reduction agreement and suspended tax measures for 90 days, boosting positive sentiment from investors in the market.
Elsewhere in Europe, retail sales of replacement tyres to consumers in the region rose 3% year-on-year in the first quarter, with all-season tyres up a strong 14%, according to figures from the European Tyre and Rubber Manufacturers Association (ETRMA). Total passenger car tyre sales (including summer, winter and all-season tyres) reached 58.7 million units, up from 57.3 million units in the same period last year.
Specifically, summer tyre sales fell 3%, winter tyres increased 5%, while all-season tyres continued to expand strongly thanks to consumer preference. This recovery continues a growth trend that began in the second half of 2024, with production now close to the level achieved in the first quarter of 2019, before the COVID-19 pandemic.
In contrast, truck and bus tyre sales fell 4% year-on-year and 11% year-on-year in the first quarter of 2019, due to the impact of economic and political uncertainty. Agricultural tyres also fell 4% year-on-year, not yet recovering to pre-pandemic levels. Motorcycle and scooter tyres, meanwhile, grew 7%, but from a low base in 2024.
The growth trend of all-season tyres reflects the shift of European consumers towards convenience and the ability to use tyres flexibly in a variety of weather conditions, reducing maintenance costs and seasonal tyre replacement. The European tyre market is growing strongly with the increase in the number of vehicles, especially electric vehicles, and technological innovation focusing on durability, performance and environmental friendliness.
In summary, the strong demand for all-season tires has contributed to raising total replacement tire sales (for passenger cars) in Europe to levels close to pre-pandemic levels, in the context of the market gradually recovering and adapting to new trends in technology and consumption.
Domestic rubber prices
Domestically, the purchase price of latex at large enterprises remains stable. Specifically, at Phu Rieng Rubber Company today, the purchase price of grade 1 latex is 440 VND/TSC/kg; the price of mixed latex is 400 VND/DRC/kg.
Accordingly, Mang Yang Rubber Company, the purchase price of water latex fluctuates between 397 - 401 VND/TSC (type 2-type 1), and mixed latex is around 359 - 409 VND/DRC (type 2-type 1), down 20 VND.
Similarly, the purchase price at Binh Long Rubber Company remains stable: Water latex: 386-396 VND/TSC/kg; mixed latex with 60% DRC is priced at 14,000 VND/kg.
At Ba Ria Rubber Company, the price of latex today: Level 1 is priced at VND 452/ TSC degree/kg, applicable to TSC degrees from 30 and above; Level 2 is priced at VND 447/ TSC degree/kg, applicable to TSC degrees from 25 to under 30; Level 3 is priced at VND 442/ TSC degree/kg, applicable to TSC degrees from 20 to under 25.
Price of mixed latex today: Cup latex, coagulated latex with DRC degree ≥ 50% at VND 18,000/kg; Cup latex, coagulated latex with DRC degree from 45-50% at VND 16,700/kg; coagulated latex with DRC degree from 35-45% at VND 13,500/kg.
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