16-18, June 2021, HCMC

Rubber prices remain high due to demand from the health sector

Rubber prices at 31/7 reached high levels on the exchange due to the need to use this material in the health sector.

Data updated at 8:50 am on July 31, term rubber price in January 2021 SHFE Shanghai floor is currently at 11,620 CNY / ton. The term of September 2020 was 11,110 CNY / ton, up 365 CNY / ton and in January 2021 on the floor of Japan Osaka is at 165 JPY / kg, in the previous session reached 166.1 JPY / kg.

Although the COVID-19 epidemic caused global car sales to decline, affecting the rubber manufacturing industry, the demand for rubber in the medical device industry increased sharply is still a counterbalance to keep Rubber prices does not fall too deep.

Despite the instability of the disease, investors are optimistic that the US Federal Reserve will continue its super easy policy outlook this week, supporting stock and commodity markets.

Regarding domestic rubber price, SVR latex price this week has had an adjustment. SVR 20 latex is at the lowest level of VND 25,206.30 / kg, today's SVR L reaches VND 39,297.13 / kg, SVR GP reaches VND 25,677.86 / kg, SVR 10 latex reaches VND 25,318.58 / kg.

According to statistics of the General Department of Customs, in June 2020, Vietnam's rubber export reached 136,350 tons, worth US $ 162.36 million, up 82.1% in volume and 80.4% in volume. worth compared to May 2020; compared to June 2019, up 11.8% in volume, but down 6.3% in value.

Source: Caosu.net

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