.jpg "Shanghai rubber price increased slightly")
Specifically, on the Tokyo TOCOM Commodity Exchange, the January 2020 futures contract stood still compared to the latest trading session on December 31, 2019, opening at 197.6 JPY / kg, Matching price is now at 197.2 JPY / kg, the highest price in this morning session at 198 JPY / kg.
Rubber price of March 2020 on TOCOM also stopped trading today, the lowest price was at 186 JPY / kg, the highest went up at 188 JPY / kg, the current matched price stood at 186 JPY / kg. .
In this trading session, rubber price of January 2020 term on Shanghai SHFE futures market continued to have a positive increase, but the increase was quite low, up 0.24% to 12,640. CNY / ton – current price, the lowest level traded at 12,565 CNY / ton, the highest reached 12,690 CNY / ton.
For the term of March 2020 session, recorded the highest level of 12,835 CNY / ton, the lowest reached 12,765 CNY / ton, the current price is at 12,830 CNY / ton, up 0.31%, equivalent to 40 CNY / ton (updated at 8:30 on 2/1/2020).
According to the International Tripartite Rubber Council (ITRC), rubber output of the world's leading natural rubber producers such as Thailand, Indonesia and Malaysia is forecast to decrease by 800,000 tons in 2019, due to the impact of mycosis. The market hopes that China's interest rate cuts will help boost economic growth and stimulate demand for rubber.
The Thai government has just approved a 20-year plan to develop the rubber industry, which will reduce rubber acreage by 21% across the country and increase rubber export value by 3 times, according to a government spokesman. know December 4.
Thailand is currently the largest producer and exporter of natural rubber in the world, accounting for 40% of global supply, but rubber farmers in this country are facing difficulties due to continuous low rubber prices for many years. over along with world demand decline.
It is estimated that rubber exports in November 2019 reached 200,000 tons, worth US $ 260 million, up 4.2% in volume and up 4.3% in value compared to October 2019, up 11.3 % in volume and up 16.2% in value over the same period in 2018.
The average export price of rubber increased by 4.5% over the same period in 2018, to US $ 1,300 / ton. Generally for 11 months of 2019, rubber exports reached 1.5 million tons, worth US $ 2.02 billion, up 8.1% in volume and up 7.6% in value over the same period in 2018.
Regarding the domestic situation, today's rubber price on January 2, 2020 recorded SVR (F.O.B) fluctuating in the range of 32,585 – 42,861 VND / kg, up from 150 VND / kg compared to yesterday. SVR CV rubber price today reached 42,861.06 VND / kg, this is the highest price for SVR latex quality (F.O.B).
Price of SVR 20 latex is at the lowest level of 32,585.15 VND / kg, SVR L today reached 42,312.56 VND / kg, SVR GP reached 33,077.68 VND / kg, SVR 10 latex reached 32,697.09 VND / kg.
