Rubber price today April 3: Decreased across all exchanges...

World rubber price

RSS3 rubber prices on the Tocom - Tokyo exchange continued to decline sharply in the online session this morning. Specifically, the April 2025 contract decreased by 5 Yen/kg to 341.00 Yen/kg; the May 2025 contract decreased by 5.90 Yen/kg to 342.10 Yen/kg; the June 2025 contract decreased by 8.20 Yen/kg to 341.70 Yen/kg.

In the same direction, natural rubber prices on the Shanghai Futures Exchange (SHFE) continued to decline. Specifically, the contract for delivery in April 2025 decreased by 225 yuan/kg to 16,640 yuan/kg; the contract for delivery in May 2025 decreased by 175 yuan/kg to 16,680 yuan/kg; and the contract for delivery in June 2025 decreased by 110 yuan/kg to 16,740 yuan/kg.

On the SGX - Singapore floor, the price of TSR20 rubber for April 2025 delivery reversed and increased slightly by 0.50 cent/kg, currently at 193.70 cent/kg; the price for May 2025 delivery increased by 0.50 cent/kg, currently at 194.00 cent/kg; the price for June 2025 delivery increased by 0.50 cent/kg, currently at 194.20 cent/kg.

In Thailand, rubber futures for April delivery fell 0.33 baht/kg to 82.12 baht/kg.

Malaysian rubber companies are likely to maintain profitability despite challenges posed by global uncertainties, according to RHB Research.

In a report, RHB Research said that the first quarter of 2025 could be the industry's worst quarter, as businesses in the industry forecast a sharp decline in sales.

According to the research firm, the situation coincides with the risk of losing market share in the European Union (EU) market as China continues to shift to markets outside the US, increasing the risk to the profits of domestic businesses.

“However, the gradual adjustment of staffing and lower raw material prices since March will help glove manufacturers to have better business results in the second quarter of 2025 after the inventory reduction cycle,” the report stated.

The last traded price of natural rubber latex was USD 1.54/kg in March 2025, compared to an average price of USD 1.56/kg in February of the same year.

“In the coming period, natural rubber prices are expected to return to normal after the winter in Thailand, a major rubber producing country. However, prices may remain high due to unpredictable weather, aging rubber plantations and a severe shortage of tapping labor,” RHB Research explained.

Another positive factor helping the industry grow is that the number of requests from customers increased in May.

According to RHB Research, this indicates that the inventory adjustment cycle is coming to an end, as the over-ordering period from US customers in 2024 will last only 6 months. Therefore, RHB Research maintains its view that the inventory build-up will take place in the second half of this year, thereby positively impacting the profitability of glove manufacturers in Malaysia.

On the issue of US tariffs, the research firm said that Malaysian gloves – which are heavily exported to the US – could be subject to reciprocal tariffs. “While the situation remains unclear, we believe the consequences could be significant, not only for the glove industry but also for the entire US healthcare sector, which is heavily dependent on these products,” the report noted.

Domestic rubber price

In the domestic market, the purchase price of rubber latex remains stable at many large enterprises. Specifically, Phu Rieng Rubber Company purchases latex at 440 VND/TSC/kg; mixed latex at 400 VND/DRC/kg.

Grade 1 mixed latex is at 436 VND/DRC/kg; grade 2 mixed latex is at 382 VND/DRC/kg.

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

Mang Yang Rubber Company purchases grade 1 latex at 433 VND/TSC/kg; grade 2 latex at 429 VND/TSC/kg.

Ba Ria Rubber Company purchases level 1 latex rubber at a price of 452 VND/ TSC degree/kg, applicable to TSC degrees of 30 or higher; level 2 at a price of 447 VND/ TSC degree/kg, applicable to TSC degrees from 25 to under 30; level 3 at a price of 442 VND/ TSC degree/kg, applicable 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.

Source: https://baodaknong.vn/gia-cao-su-hom-nay-3-4-dong-loat-giam-tren-cac-san-chau-a-248123.html