Japan Rubber Futures Hit Nearly Two-Week High; Vietnam Purchase Prices Steady
Japanese rubber futures rose for a second consecutive trading day on November 11, with the April 2027 contract closing at its highest level since October 30. Purchases by tire makers as prices fell and a rebound in oil prices supported the market, while rubber purchase prices in Vietnam remained steady.
On November 11, rubber futures for April 2027 delivery on the Osaka Exchange in Japan rose 4.06% to close at 440.8 yen per kilogram, their highest closing price since October 30. Japanese rubber futures rose for a second consecutive trading day, reaching a nearly two-week high. The exchange’s December contract rose 3.45% to close at 426.1 yen per kilogram.
Rubber futures price trends in Thailand and Japan.（VietVance）
On the same day, Thailand’s export offer for RSS3 rubber at Laem Chabang port rose 1.4% to 91.53 baht per kilogram. Rubber futures for January 2027 delivery on the Shanghai Futures Exchange rose 2.13% to 19,195 yuan per tonne. The February 2027 contract on the Singapore Exchange’s SICOM platform rose 3.6% to 247.6 US cents per kilogram.
Reuters linked the rise in Japanese futures to increased purchases by tire makers, a rebound in oil prices and gains in Tokyo stocks. Analysts at brokerage Huatai Futures said downstream tire demand remained weak, but tire makers had recently increased raw material purchases when prices fell. They expect growth in total rubber output to be limited as the rubber production season nears its end and some raw materials are diverted to concentrated latex production.
Rubber purchase prices in Vietnam remained steady. At Binh Long Company, the factory purchase price was 540 Vietnamese dong per TSC degree per kilogram, while the purchase price at production teams was 530 Vietnamese dong per TSC degree per kilogram. Mixed latex (DRC 60%) was quoted at 18,000 Vietnamese dong per kilogram. MangYang Company’s latex purchase price was about 458 to 463 Vietnamese dong per TSC degree, and its mixed coagulated latex purchase price was about 404 to 459 Vietnamese dong per DRC degree.
Source: VietVance
