The global rubber market continued to show positive developments on May 8th, with rubber prices in China and Singapore rising sharply. Meanwhile, rubber prices in Japan and Thailand remained stable. In the domestic market, major businesses maintained stable rubber latex purchasing prices.
World rubber prices
In China, the rubber market recorded a fairly strong increase in the latest trading session. The price of June futures rose by 310 yuan, or 1.7%, to 17,740 yuan/tonne. This is a significant increase amidst a commodity market being affected by a combination of global economic factors and geopolitical tensions.
The recovery in the Chinese market is seen as a positive sign for the Asian rubber industry, especially since China remains the world's largest consumer of natural rubber. Demand from the tire manufacturing and automotive industries is expected to continue supporting prices in the coming period.
In Japan, RSS3 rubber prices on the Tokyo Tocom exchange remained relatively stable. The May 2026 contract stayed at 396 yen/kg, while the June 2026 contract remained steady at 399.10 yen/kg.
This sideways movement in Japan reflects the cautious sentiment of investors as the market closely monitors the outlook for actual demand and factors related to global energy and transportation costs.
In Thailand, May 2026 rubber futures prices continued to hover around 80.80 baht/kg. The market has yet to show strong enough momentum to create a clear upward trend, despite supply in many production areas entering the harvesting phase.
On the SGX Singapore exchange, TSR20 rubber prices continued their upward trend. The May 2026 contract rose 0.18% to 220 cents/kg, while the June 2026 contract increased 0.59%, also reaching 220 cents/kg.
The positive developments in Singapore reflect market expectations of improved short-term demand, supported by persistently high oil prices. Rising oil prices typically enhance the competitiveness of natural rubber compared to synthetic rubber – which is derived from petroleum.
Conversely, the Malaysian rubber market recorded a slight downward trend due to pressure from geopolitical instability in West Asia. At the close of trading, the price of standard SMR20 rubber fell 1.5 sen to 870.50 sen/kg, while block rubber latex decreased 1 sen to 754 sen/kg.
Experts believe the rubber market is currently being affected by a mix of factors: expectations of a global economic recovery and risks related to geopolitical conflicts, logistics costs, and the outlook for demand in China.
Domestic rubber prices
In the domestic market, rubber latex purchase prices at major enterprises continue to remain stable.
MangYang Company is currently purchasing liquid latex at 458-463 VND/TSC for grades 2 and 1; mixed coagulated latex ranges from 404-459 VND/DRC.
Binh Long Company maintains its factory purchase price at 432 VND/TSC/kg, while the price at the production team is 422 VND/TSC/kg. The price of 60% DRC mixed latex remains stable at 14,000 VND/kg.
At Ba Ria Rubber Company, the purchase price for liquid latex is 420 VND/TSC/kg for latex with a TSC of 25 to under 30. The price for DRC 35-44% coagulated latex remains at 14,600 VND/kg, while raw latex is at 18,100 VND/kg.
Meanwhile, Phu Rieng Company maintains the purchase price for mixed latex at 390 VND/DRC and liquid latex at 420 VND/TSC.
Overall, the domestic rubber market remains relatively stable and has not been significantly affected by international fluctuations. However, future price trends will continue to heavily depend on demand from China, oil price fluctuations, and global geopolitical developments.
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