Futures prices on SHFE Exchange increased by more than 2% this morning (September 27).
At the Tokyo Commodity Exchange (TOCOM), the price of rubber for October delivery in October 2022 reached 223.2 yen/kg, down 0.09% (equivalent to 0.2 yen/kg) at the time of the survey. at 6:10 am (Vietnam time).
On the Shanghai Commodity Futures Exchange (SHFE), the price of RSS3 rubber for October delivery was adjusted to 12,125 yuan/ton, up 2.36% (equivalent to 280 yuan). compared to the previous transaction.
According to statistics of the Ministry of Commerce of India, in the first 7 months of 2022, India imported 701.55 thousand tons of rubber (HS 4001; 4002; 4003; 4005), worth $1.57 billion, an increase. 2.3% in volume and 17.2% in value over the same period in 2021.
Korea, Vietnam, Indonesia, Malaysia and Ivory Coast are the 5 largest markets supplying rubber to India. In particular, India's rubber imports from the markets of Vietnam, Malaysia and Ivory Coast have increased sharply in both volume and value over the same period in 2021.
In the first 7 months of 2022, Vietnam is the second largest rubber supplier to India with 74.07 thousand tons, worth $146.95 million, up 52.9% in volume and 58.5% in value over the same period in 2021.
Rubber imported from Vietnam accounted for 10.6% of India's total rubber imports in the first 7 months of 2022, higher than 7.1% in the same period in 2021.
During this period, India imported 306.48 thousand tons of natural rubber (HS 4001), worth US$592.72 million, up 13.4% in volume and 21.1% in value over the same period. period 2021.
In which, Vietnam is the largest market supplying natural rubber to India in the first 7 months of 2022 with 73.14 thousand tons, worth USD 144.85 million, up 54% in volume and 59.6 % in value over the same period in 2021. The market share of Vietnam's natural rubber in India's total imports accounted for 23.9%, up sharply from 17.6% in the same period in 2021.
The main market structure supplying natural rubber to India in the first 7 months of 2022 has changed when the rubber market share of Indonesia and Thailand in total imports of India decreased sharply, while the market share of Vietnam South, Ivory Coast and Malaysia increased.
Meanwhile, India reduced imports of synthetic rubber (HS 4002). In the first 7 months of 2022, India imported 316.68 thousand tons of synthetic rubber, worth US$828.73 million, down 8.9% in volume, but up 14.1% in value over the same period last year. year 2021.
In which, Korea, Russia, Singapore, Japan and Poland are the 5 largest markets supplying synthetic rubber to India. Except for Poland and Singapore, imports from these markets all decreased compared to the same period in 2021.
The structure of the main synthetic rubber supply market for India in the first 7 months of 2022 has changed when the market share of synthetic rubber of South Korea, Poland and Singapore in total imports of India increased, while market share of the US, Japan and Russia decreased.
Vietnam's synthetic rubber market share accounts for only 0.3% of India's total imports, according to the latest report from the Import-Export Department (Ministry of Industry and Trade).
https://thuongtruong.com.vn/news/gia-cao-su-hom-nay-279-cao-su-shfe-tang-hon-2-90301.html
