Japan rubber futures rebound on November 10; Vietnam purchase prices hold steady

On November 10, rubber futures for April 2027 delivery on Japan’s Osaka Exchange rose 4.4 yen, or 1.05%, to 423.6 yen per kilogram, recovering part of the previous session’s losses. The December 2026 contract held steady at 411.9 yen per kilogram. January 2027 rubber futures on the Shanghai Futures Exchange rose 125 yuan, or 0.67%, to 18,795 yuan per metric ton. Tokyo stocks closed up nearly 3% that day, and improved market sentiment supported rubber futures.

Rubber futures price trends in Thailand and Japan.（VietVance）

Prices were mixed in other markets. The FOB export offer for Thai RSS3 rubber at Laem Chabang rose 0.21 baht to 90.26 baht per kilogram; February 2027 rubber futures on the Singapore Exchange gained 1% to 239.6 US cents per kilogram. The most actively traded December 2026 butadiene rubber futures on the Shanghai Futures Exchange fell 4.6% to 15,020 yuan per metric ton.

Analysts at CITIC Securities Futures said sustained pressure from oversupply had yet to become clearly apparent and that rubber prices were unlikely to keep falling. They also said the market may have overestimated El Niño’s effect on rubber output, while expectations of weaker overseas economies had driven prices down since mid-October. These assessments remain dependent on subsequent changes in supply and demand.

Rubber purchase prices in Vietnam remained stable. Bình Long’s factory purchase price was 540 Vietnamese dong per TSC degree per kilogram, while its production team purchase price was 530 Vietnamese dong per TSC degree per kilogram; mixed rubber with 60% dry rubber content was quoted at 18,000 Vietnamese dong per kilogram. MangYang quoted latex purchases at 458 to 463 Vietnamese dong per TSC degree and mixed coagulated latex at 404 to 459 Vietnamese dong per DRC degree.

Source: VietVance