Rubber prices on Asian floors fluctuated sharply amid concerns about the outbreak of the COVID-19 pandemic in China and Japan and concerns about a global economic slowdown that will slow down demand.
The Import-Export Department (Ministry of Industry and Trade) said that in the 10 days of mid-July, rubber prices at Asian exchanges fluctuated sharply amid concerns about the outbreak of the COVID-19 pandemic in China and Japan. and concerns about a global recession will slow demand.
Specifically, at the Osaka Commodity Exchange (OSE), the price of rubber increased to 261 yen/kg on July 15, but then the price dropped sharply.
On July 18, the price of RSS3 rubber for delivery near term was at 254.2 yen/kg (equivalent to 1.84 USD/kg), down 0.5% compared to 10 days earlier, but increased by 18.5% compared to the previous 10 days. same period in 2021.
Price movement of RSS3 rubber at OSE from June 2022 to present (Unit: Yen/kg). (Source: cf.market-info.jp/Ministry of Industry and Trade)
At SHFE Shanghai, the price dropped sharply. On July 18, the price of RSS3 rubber for delivery near term was at 11,930 yuan / ton (equivalent to 1.77 USD / ton), down 4.7% compared to the previous 10 days and down 10.7% over the same period. period 2021.
In Thailand, the price of natural rubber continued to fall sharply. On July 18, RSS3 rubber price offered for sale at 62.3 Baht/kg (equivalent to 1.7 USD/kg), down 3.4% compared to the previous 10 days, but up 10.7% over the same period. period last year.
In the Vietnamese market, in the 10 days of mid-July, the price of raw rubber latex in some provinces fluctuated slightly.
In Binh Phuoc, the price of raw rubber latex purchased by Phu Rieng Rubber One Member Limited Liability Company is at 310-290 VND/TSC, down 10 VND/TSC compared to the previous 10 days.
In Binh Duong, the purchasing price of raw rubber latex of Phuoc Hoa Rubber Company is stable at 323-325 VND/TSC. Gia Lai rubber latex is purchased by Mang Yang Rubber Company at the price of 295-305 VND/TSC.
According to the Vietnam Rubber Association, the rubber tree area in Vietnam currently has 938,800 hectares, accounting for 7.2% of the total global rubber area. Vietnam's rubber latex harvest will reach 1.26 million tons in 2021, accounting for 8.7% of global rubber production. It is expected that the output of rubber latex harvested in the whole year of 2022 will reach about 1.3 million tons.
https://vietnambiz.vn/gia-cao-su-bien-dong-manh-giua-thang-7-20227277345232.htm
