Source: Vietnambiz.vn
The Import-Export Department (Ministry of Industry and Trade) estimates that in May 2021, Vietnam’s rubber exports will reach about 80,000 tons, worth US$139 million, up more than 26% in volume and 7.2% in value. compared to April 2021; compared to May 2020, an increase of 7.2% in volume and an increase of nearly 55% in value.
The average export price was at $1,738/ton, down 2.2% compared to April 2021, but up 44.6% compared to May 2020.
Accumulated in the first 5 months of 2021, rubber exports are estimated at 548,000 tons, worth US$923 million, up 58.7% in volume and 94% in value over the same period in 2020.
According to calculations from the statistics of the General Department of Vietnam Customs, in the first 4 months of 2021, the mixture of natural rubber and synthetic rubber (HS: 400280) is the most exported item, accounting for 60 0.89% of the country’s total rubber exports, with 285,090 tons, worth US$459.18 million, an increase of more than 87% in volume and 116.3% in value over the same period in 2020.
In which, exports to China accounted for 99.53% of the country’s total export of natural and synthetic rubber mixtures, with 283,740 tons, worth US$456.58 million, up 88.8% in volume and increased 118.3% in value over the same period in 2020.
In general, in the first 4 months of 2021, most types of rubber exports achieved good growth compared to the same period in 2020. Notably, some types such as Latex, RSS1, synthetic rubber. In case, SVR 10, RSS3, SVR 3L… all increased sharply in both volume and value compared to the same period in 2020.
Regarding export prices, in the first 4 months of 2021, the average export price of all types of rubber tends to increase compared to the same period in 2020, except for synthetic rubber and regenerated rubber with export prices. average decrease.
In which, some types of rubber have a sharp increase in average export price compared to the same period in 2020 such as: RSS1 up 34.9%, Latex up 32.6%, RSS3 up 29.8%, SVR CV60 up 27 .9%, SVR 3L up 26.4%…
In May 2021, the price of raw rubber latex has many fluctuations, the purchasing price of raw rubber latex is continuously adjusted by companies.
Currently, the purchasing price of latex of Phu Rieng Rubber One Member Limited Liability Company is at 380 VND/TSC; buying price of mixed latex at 290 VND/TSC. During the month, Loc Ninh Rubber One Member Company Limited also announced 6 times to adjust the purchase price of smallholder rubber latex. Dong Nai Rubber One Member Limited Liability Company also announced three times to adjust the purchase price of rubber latex.
Purchase price of rubber latex of Dong Nai Rubber One Member Limited Liability Company.(Source: Dong Nai Rubber Company Limited/Ministry of Industry and Trade)
