In the second quarter, rubber prices at major exchanges in the world fluctuated strongly with a strong upward trend in the first 15 days of April, then decreased until the end of May and recovered again in June. July, rubber prices tend to decrease.
The Import-Export Department (Ministry of Industry and Trade) said that in the second quarter, the rubber market was strongly affected by the epidemic situation, the geopolitical crisis, the shortage of containers, high transportation costs, and rising fuel prices. strong and slow clearance affects the global supply chain.
Rubber prices at major exchanges in the world fluctuated strongly with a strong upward trend in the first 15 days of April, then decreased until the end of May and recovered in June. In July, prices had downtrend.
Specifically, at the Osaka Commodity Exchange (OSE) Japan, the price of rubber peaked on April 15 at 272.6 yen/kg, then fell to 238 yen/kg on May 13. recovered to 262 yen/kg on June 28, then fell again.
On July 28, the price of RSS3 rubber for delivery near term was at 251.5 yen/kg (equivalent to 1.86 USD/kg), down 3.5% compared to the end of June, but up 19.8% compared to the end of June. same period in 2021.
At the Shanghai Commodity Futures Exchange (SHFE), the price of rubber continuously decreased sharply compared to the first quarter. After falling to 12,345 yuan/ton on May 9, the price tended to increase again in the month. 5, then turned down from the beginning of June to July 22.
Rubber prices tended to increase slightly in the last few sessions of July but still at a lower level compared to the end of last month. On July 28, the price of RSS3 rubber for delivery near term was at 12,100 yuan/ton (equivalent to 1.79 USD/kg), down 4.8% compared to the end of June and down 7.6% over the same period last year. year 2021.
In Thailand, rubber prices fluctuated strongly in the second quarter. After dropping to 67.7 Baht/kg on April 28, the price rose to 73.1 Baht/kg on June 6, but then fell back due to high supply during the peak season of latex extraction. in Thailand.
On July 28, RSS3 rubber price offered for sale at 61.2 Baht/kg (equivalent to USD 1.67/kg), down 7.4% compared to the end of June, but still 10% higher than the same period last year. period 2021.
According to the Association of Natural Rubber Producing Countries (ANRPC), the natural rubber market outlook is expected to improve further in 2022. In June 2022, the global natural rubber production reached 1. 1 million tons, up 3.8% over the same period in 2021; while consumption reached 1.2 million tons, up 5.8% compared to June 2021. Therefore, the supply shortage is about 93,000 tons. ANRPC forecasts that global rubber supply will continue to fall short of demand in the coming years.
In the domestic market, in the second quarter, the price of raw rubber latex in some provinces also fluctuated strongly with a strong increase in April, then decreased again in May and June. The downward trend in prices continued. Continued in July 2022.
Currently, in Binh Phuoc, the price of rubber latex purchased by Phu Rieng Rubber One Member Company Limited is 307 VND/degree TSC, down 16 VND/degree TSC; The price of mixed latex was purchased at 290 VND/degree DRC, down 10 VND/degree DRC compared to the end of June.
In Binh Duong, the purchasing price of raw rubber latex of Phuoc Hoa Rubber Company fluctuates at 311-313 VND/degree TSC. Gia Lai latex price was purchased by Mang Yang Rubber Company at the price of 285-295 VND/degree TSC, down 10 VND/degree TSC compared to the end of June.
