Rubber price today April 8, 2025: Continued sharp decline

Domestic rubber price today

Domestically, the purchase price of rubber latex remains stable at many large enterprises. At Mang Yang Rubber Company, grade 1 latex costs 433 VND/TSC/kg, grade 2 is 429 VND/TSC/kg. Grade 1 mixed latex is 436 VND/DRC/kg, grade 2 is 382 VND/DRC/kg.

Binh Long Rubber Company maintains the purchase price of latex at 386 - 396 VND/TSC/kg. Mixed latex with 60% DRC is currently at 14,000 VND/kg. In Phu Rieng, latex is purchased at 440 VND/TSC/kg, and mixed latex is 400 VND/DRC/kg.

Ba Ria Rubber Company divides the purchase price of latex according to the DRC level. Level 1 applies to TRC from 30 and above at 452 VND/kg, level 2 from 25 to under 30 is 447 VND/kg, and level 3 from 20 to under 25 is 442 VND/kg. For latex and cup latex, if the DRC level is over 50%, the price is 18,000 VND/kg. If the DRC is from 45-50%, the price is 16,700 VND/kg, and from 35-45%, it is about 13,500 VND/kg.

World rubber price

In Japan, RSS3 rubber prices on the Tocom exchange continued to remain stable in futures contracts. Specifically, the price for delivery in April 2025 reached 341 yen/kg, May was 342.1 yen/kg, June was 341.7 yen/kg, July and August both remained at 344.1 yen/kg.

In Thailand, rubber futures for April delivery fell slightly from 81.17 baht/kg to 81.15 baht/kg. The decrease was insignificant, only 0.02 baht/kg.

In Shanghai, the price of natural rubber on the SHFE has a slight upward trend according to the term. The price in April was 16,640 yuan/kg, in May it was 16,680 yuan/kg, in June it was 16,740 yuan/kg, in July it was 16,795 yuan/kg, and in August it was 16,815 yuan/kg.

In Singapore, TSR20 rubber prices on the SGX fell sharply across all futures contracts. The May contract price fell from 171.2 cents/kg to 163.1 cents/kg. The following futures such as June, July, August and September also recorded similar declines, currently trading around 163.6 to 164.4 cents/kg.

According to an update from the Association of Natural Rubber Producing Countries (ANRPC), in 2025, global rubber production is expected to increase slightly by 0.4%, reaching nearly 14.92 million tons. Meanwhile, consumption demand is expected to increase more strongly, expected to increase by 1.7%, to about 15.45 million tons.

The imbalance between supply and demand continues for the fifth consecutive year. In Indonesia, rubber output could fall nearly 10% to about 2.04 million tonnes as farmers switch to palm oil. Malaysia is also forecast to fall 4.2% to 370,000 tonnes due to aging trees.

Vietnam is forecast to see a slight decline of 1.3% to around 1.28 million tonnes this year. China, on the other hand, could see a 6% increase in output to 933,000 tonnes. Thailand, the world’s largest rubber producer, is expected to see a 1.2% increase in 2025 after a slight decline in 2024. Thailand’s output this year is expected to approach the peak of 4.89 million tonnes reached in 2021.

Source: https://baoquangnam.vn/gia-cao-su-hom-nay-8-4-2025-tiep-tuc-giam-manh-3152290.html