World rubber prices continued their upward trend on February 26th, with the Thai market reaching its highest level in six months, while Japan maintained its one-year peak. This positive development was supported by tight supply during the tree-shedding season, along with optimistic sentiment from rising Asian stocks and oil prices.
World Rubber Prices
In Thailand, the price of March 2026 rubber futures rose 2.3%, or 1.6 baht, to 71.8 baht/kg – the highest level since August 2025.
In Japan, the April 2026 rubber contract remained unchanged at 368 yen/kg, maintaining its highest price range in a year. On the Osaka Exchange (OSE), the August contract rose 1.28% to 379 yen/kg, marking the highest level since early February 2025, according to Reuters.
In China, April rubber futures rose slightly by 0.1% to 17,205 yuan/tonne, while May futures on the Shanghai Futures Exchange (SHFE) gained 0.6% to 17,215 yuan/tonne. Butadiene rubber, a key component in tire production, fell 2.35% to 12,865 yuan/tonne, reflecting divergence in demand across different product lines.
Following the Lunar New Year holiday, the global rubber market saw a strong recovery, with contracts in Japan, China, and Singapore all rising by at least 6% compared to the beginning of the week.
According to CITIC Securities Futures' analysis, supply is currently limited due to the annual leaf-shedding season, leading to a significant decline in latex production. Amid expectations of improved demand, short-term price trends will depend heavily on the progress of winter inventory clearance and the operating capacity of tire manufacturing plants.
In Thailand, export-standard smoked sheet rubber (RSS3) and block rubber prices have surged since the beginning of February due to tight supply ahead of the leaf-shedding season. Currency factors also contributed to market support, with the yen weakening near a two-week low, while the Nikkei index rose 1.2%, surpassing 59,000 points for the first time, boosting optimism across Asian markets.
In addition, oil prices remaining near a 7-month high provided support for commodity markets in general, including rubber, although the upward momentum was somewhat restrained by the increase in US crude oil inventories. On the Singapore Commodity Exchange (SICOM), the March rubber futures contract rose 1.8%, to 208.8 US cents/kg, indicating that the positive trend continues in the regional market.
Domestic rubber prices
Domestically, raw rubber prices remain generally stable. At Binh Long Rubber Company, the factory price for liquid latex is 432 VND/TSC/kg, and at the production team it is 422 VND/TSC/kg; the price of 60% DRC latex remains stable around 14,000 VND/kg.
Ba Ria Rubber Company reports a price of 420 VND/TSC/kg for liquid latex (applicable to TSC from 25 to under 30), 14,600 VND/kg for 35-44% DRC coagulated latex, and 18,100 VND/kg for raw latex.
At MangYang Company, the price of liquid latex fluctuates between 379-384 VND/TSC, while the price of DRC coagulated latex is approximately 345-393 VND/DRC. Phu Rieng Company continues to maintain the purchase price of liquid latex at 420 VND/TSC and mixed latex at around 390 VND/DRC.
Market developments indicate that rubber prices are entering a favorable phase thanks to the synergy of supply and demand factors and a positive financial environment. However, the medium-term outlook remains heavily dependent on the progress of production recovery, weather fluctuations, and actual demand from the global tire industry.
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