Update rubber market price today 13/01/2023
World Rubber Prize today 13/1
Rubber price today 13.1 on the world market, two major exchanges continued to fluctuate in opposite directions.
At the time of the survey, the price of rubber futures on the Tokyo Commodity Exchange (TOCOM) with delivery in January 2023 fell sharply by 2.24% (equivalent to 4.7 yen/kg) to 204.7 yen/kg.
And the price of rubber shipped on this floor in March 2023 fell another 0.41% (equivalent to 0.9 yen/kg) to 216.3 yen/kg.
On the Shanghai Commodity Futures Exchange (SHFE), the price of RSS3 rubber for delivery in January 2023 further increased by 0.3% (equivalent to CNY 40/ton) to reach CNY 13,510/ton.
And the rubber price for delivery in March 2023 rose 0.85% (equivalent to CNY110/ton) to CNY13,090/ton.
Global online rubber prices in the last trading session
The world rubber price today is still trending up on the Shanghai floor and falling sharply on the Tokyo floor.
According to CNBC TV18, rubber prices fell 28% in 2022, but 2023 is a different story. The new year started quite positively with international rubber prices trading close to a monthly high.
The market expects Chinese demand to open up and similar to other commodities prices, rubber will take some consolation. In addition, the fall in the USD index also supported the price.
A report by the International Rubber Association said rubber production from Thailand, Malaysia and Indonesia — other major rubber producers — declined year-on-year.
Leaf diseases, bad weather and rising climatic temperatures, which are unfavorable for the harvest season, are given as reasons. In addition, lower fertilizer inputs due to higher prices have also led to yield declines.
For the Indian market, this is the peak season for exploitation and lasts until February, but due to falling prices, rubber has not found many hoarder buyers so far. As a result, demand appears to be returning to the market, which is also supporting prices.
Thus, today, December 1st, 2023, the rubber price on the world market on the Shanghai floor is still increasing compared to yesterday.
Domestic rubber price today 13/1
Rubber price today 13.1 The domestic market continued to move sideways compared to yesterday.
According to the latest list price, raw rubber latex is bought in Binh Phuoc from Phu Rieng Rubber Company for 275 – 285 VND/TSC.
In Binh Duong, the purchase price of raw rubber latex from Phuoc Hoa Rubber Company fluctuates between 271 and 275 VND/TSC.
Gia Lai rubber latex price is purchased from Mang Yang Rubber Company at the price of 230 – 240 VND/TSC.
Thus, today 1/13/2023, rubber prices in the domestic market remain around 230-285 VND/TSC.