Rubber price today April 15: Overall increase

World rubber price

Opening the trading session on April 15, the price of rubber in Japan for April delivery increased by 0.1% (0.2 Yen) to 296.7 Yen/kg.

In China, rubber prices continued to increase by 0.7% (100 yuan) to 14,800 yuan/ton.

In Thailand, rubber futures for April delivery increased 0.4% (0.26 baht/kg) to 72.89 baht/kg.

In Singapore, the price of TSR20 rubber on the SGX exchange for the May 2025 futures contract traded at 163.20 cents/kg, up 2.36%.

In the EU, new car sales in the first two months of the year fell 3% year-on-year to 853,670 units, as major markets reported a drop in consumption. Demand fell 6% in Italy, while Germany and France reported declines of 4.6% and 3.3%. In contrast, Spain recorded a positive development with an increase of 8.4% year-on-year, ACEA Europe reported.

In France, during a “pre-closing” meeting on April 9, the French group confirmed that its first-quarter production is expected to fall by 6-8% compared to 2024, due to a decline in demand for original equipment manufacturing (OE) after the fourth quarter of 2024. The group is adjusting to the impact of President Donald Trump’s tariff policies on its operations.

In the passenger and light vehicle tire segments, OE demand “decreased sharply” in Europe and North America in the first two months of the year, Michelin said. In the truck tire segment, OE demand also declined in the first two months of the year, with European and North American markets down double digits year-on-year.

In the US, about 70% of Michelin's tire sales are domestically produced, with the remainder comprising 15% from Canada, 5% from Mexico, and the rest from Europe and Asia (Indonesia, Thailand).

On imports, Michelin said finished products from Canada and Mexico exported to the United States – which are compliant with the USMCA – will be exempt from tariffs until the next review, scheduled for May 3.

For Michelin, the most important flows are agricultural tires from Europe to the US and mid-range passenger car tires from Indonesia to the US.

Regarding raw materials, natural rubber is not on the list of items subject to tax this time.

For synthetic rubber, Michelin has plants in the US, Europe and Asia, so it considers itself “self-sufficient” in the US market, with “limited intercontinental shipping.”

Domestic rubber price

Domestically, some enterprises still keep rubber prices stable. Specifically, Ba Ria Rubber Company, the price of latex rubber level 1 is 452 VND/degree TSC/kg applied to TSC degrees from 30 and above; level 2 is 447 VND/degree TSC/kg applied to TSC degrees from 25 to under 30; level 3 is 442 VND/degree TSC/kg, applied to TSC degrees from 20 to under 25.

Cup latex, coagulated latex with DRC ≥ 50% at 18,000 VND/kg; cup latex, coagulated latex with DRC from 45-50% at 16,700 VND/kg; coagulated latex with DRC from 35-45% at 13,500 VND/kg.

The purchase price of latex at Binh Long Rubber Company is 386 - 396 VND/TSC/kg; mixed latex with 60% DRC is 14,000 VND/kg.

Phu Rieng Rubber Company purchases latex at 440 VND/TSC/kg; mixed latex at 400 VND/DRC/kg.

Mang Yang Rubber Company purchases grade 1 latex at 447 VND/TSC/kg; grade 2 latex at 443 VND/TSC/kg.

Grade 1 mixed latex is at 461 VND/DRC/kg; grade 2 mixed latex is at 406 VND/DRC/kg./.

VRA recommends rubber enterprises to promote deep processing to reduce dependence on China Rubber export prices increased sharply in the first two months of 2025, helping export value improve despite reduced output. However, market share in China - the largest market - is decreasing as the country shifts to imports. VRA warns that businesses need to increase the proportion of deeply processed rubber and expand the market, especially to the EU, to increase value and reduce the risk of dependence.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-15-4-tong-loat-tang-249392.html