Rubber price today April 10: Sharp decrease across the board

World rubber price

At the end of the trading session on April 9, in Japan, the price of rubber futures for April delivery fell sharply by 4.5% (13.4 yen) to 281.7 yen/kg. In China, the price of rubber fell sharply by 3.5% (505 yuan) to 14,110 yuan/ton; in Thailand, the price of rubber futures for April delivery fell by 4.5% (3.6 baht/kg) to 75.6 baht/kg.

The market is currently in a state of panic with psychological selling, according to a rubber trader in Singapore. He added that the current market trend is driven more by political events than fundamental analysis or technical methods.

In Malaysia, rubber prices also continued to decline, weighed down by large losses in other rubber futures markets in the region, a trader told Bernama. She also said market sentiment was affected by a sharp drop in oil prices, which was driven by concerns over an escalating global trade war. Brent crude was down 3.55% at $60.66 a barrel at press time.

However, further declines were capped by expectations of fresh stimulus packages from China and potential disruptions in natural rubber (NR) supply from major producing countries due to winter.

The trader also mentioned that Japanese rubber futures fell to their lowest in more than a year yesterday, as the US's 104% import tariffs on Chinese goods exacerbated the global trade war and raised concerns of an economic recession.

At the close, the Malaysian Rubber Board reported that benchmark SMR 20 rubber price fell 32.5 sen to 738.5 sen/kg, while raw rubber fell 7.0 sen to 655.5 sen/kg.

Trump’s tariffs on dozens of countries took effect on Wednesday, including a whopping 104% levy on Chinese goods, escalating the global trade war and sparking a widespread sell-off in financial markets.

In response to the tariff escalation, oil prices fell to their lowest level in more than four years.

Natural rubber is often affected by oil prices due to competition for market share with synthetic rubber – a product derived from petroleum.

China's top leaders are expected to meet soon to discuss measures to stimulate the economy and stabilize capital markets.

Domestic rubber price

Domestically, some enterprises still keep rubber prices stable. Specifically, Phu Rieng Rubber Company keeps the purchase price of mixed latex at 400 VND/DRC, and liquid latex at 440 VND/TSC.

At Ba Ria Rubber Company, the purchase price of liquid latex is 462 VND/TSC degree/kg (applied to TSC degree from 25 to under 30); DRC coagulated latex (35 - 44%) is 13,600 VND/kg; raw latex ranges from 16,900 - 18,200 VND/kg. Meanwhile, Mang Yang Rubber Company quotes the purchase price of liquid latex at about 443 - 447 VND/TSC, and mixed coagulated latex at about 406 - 461 VND/DRC. The purchase price is effective from March 14, 2025./.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-10-4-dong-loat-giam-manh-248895.html