According to the report of the Import and Export Department (Ministry of Industry and Trade), in 10 days in January 2021, rubber prices in the Asian market would keep increasing.

RUBBER PRICE IN THE ASIAN MARKET KEEPS RISING

According to the report of the Import and Export Department (Ministry of Industry and Trade), in 10 days in January 2021, rubber prices in the Asian market would keep increasing.

Specifically, at the Osaka Exchange (OSE), on January 18, the price of RSS3 rubber delivered in March 2021 was 255.6 yen/kg, equivalent to $ 2.46 / kg, going up by 0.9% over the previous 10 days and up 34.7% over the same period in 2020.

Rubber prices in Japan increased after the US President was elected, Joe Biden outlined an economic stimulus plan worth $ 1,900 billion; Investors expect a solid economic recovery in China.

At SHFE Shanghai, on January 18, the price of RSS3 rubber delivered in March 2021 traded at 14,775 yuan/ton, equivalent to $ 2.28 / ton, going up by 0.1% from 10 days ago. that and up 15.6% over the same period in 2020.

Rubber prices increase due to the scarce supply risk when imports are limited, in the context of a lack of containers for transport in the market.

Price movements of RSS3 rubber in March 2021 at SHFE in January 2021

In Thailand, on January 18, RSS 3 rubber price offered for sale at 64.3 Baht/kg (equivalent to 2.14 USD / kg), decreasing by 1.2% from 10 days earlier, but up more than 22%. % over the same period in 2020.

In the Vietnamese market, in 10 days in the middle of January 2021, the price of raw rubber latex across the country fluctuated in a narrow band.

On January 18, the latex purchasing price of Phu Rieng Rubber Company was 335 VND/TSC, decreasing by 5 VND/TSC compared to the previous 10 days. The purchasing price of trash latex was at 255 VND/TSC, a decrease of 5 VND/TSC compared to the previous 10 days.

While Dong Nai Rubber Company also announced the adjustment of the purchase price of smallholder rubber latex increased twice.

Source: Dong Nai Rubber Company Limited / Ministry of Industry and Trade.

Price movements of RSS3 rubber delivered in March 2021 at SHFE in January 2021

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Previously, in the first 10 days of January, rubber prices also increased on Asian exchanges due to the recovery of production activities in Asia and stable production in China, leading to the increasing demand for rubber.

At the same time, the market also expects demand from Europe and America to be improved. Meanwhile, the supply of rubber in Thailand is limited when bad weather reduces rubber latex production.

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