(VAN) Rubber prices on May 29, recorded mixed movements across major exchanges. Meanwhile, domestic latex purchasing prices in Vietnam remained stable.
Rubber prices on May 29 globally
On the global market, rubber prices recorded mixed movements between the Tokyo Commodity Exchange (TOCOM) and the Shanghai Futures Exchange (SHFE) amid surging oil prices and ongoing geopolitical tensions that continue influencing global investor sentiment.
In the international market, RSS3 rubber prices on the Tokyo exchange showed mixed performance across contracts. Specifically, the May 2026 contract fell by JPY 1/kg (-0.25%) to JPY 400/kg; the June 2026 contract rose by JPY 3.60/kg (+0.89%) to JPY 403/kg; while the July 2026 contract gained JPY 1.50/kg (+0.37%) to JPY 408/kg.
On the Shanghai exchange, natural rubber prices continued increasing across delivery contracts. The June 2026 contract rose by RMB 175/ton (+1.01%) to RMB 17,545/ton; the July 2026 contract increased by RMB 210/ton (+1.20%) to RMB 17,700/ton; and the August 2026 contract climbed by RMB 265/ton (+1.52%) to RMB 17,695/ton.
Global rubber prices are showing signs of moderate recovery in medium- and long-term contracts, especially on SHFE and TOCOM. The strongest gains were recorded for the October 2026 contract on TOCOM (+1.92%) and the August 2026 contract on SHFE (+1.52%). However, sideways and slightly lower movements in some near-term contracts on the Singapore Commodity Exchange (SICOM) indicate that investors remain cautious.
The Asian rubber market is entering a period of heightened volatility as geopolitical tensions in the Middle East continue directly impacting energy prices and speculative sentiment in global commodity markets. During the latest session, Japanese rubber futures extended gains for a third consecutive session, mainly supported by rising oil prices following military developments involving Iran.
According to Reuters, the October RSS3 rubber contract on the Osaka Exchange (OSE) surged 2.27% to JPY 418.3/kg, a notably high level in recent weeks. In China, the September rubber contract on SHFE also jumped 2.37% to RMB 17,745/ton. Meanwhile, butadiene rubber, a petroleum-based synthetic material, increased only slightly by 0.28% to RMB 14,555/ton.
Rubber prices on May 29, 2026: Mixed movements
Analysts believe the current price increases in the global rubber market are mainly driven by sentiment and the impact of crude oil prices. In the short term, the market remains heavily influenced by geopolitical developments and expectations of recovering demand in China and other major economies.
Global rubber prices are currently in a consolidation phase while closely monitoring raw material supply conditions in Thailand, Africa, and Indonesia, key rubber-producing regions worldwide.
The recent gains in the rubber market came as Brent Crude Oil prices rose around 4% on Tuesday after the U.S. military launched airstrikes on Iran, weakening expectations for a peace agreement that could end the three-month conflict involving the United States and Iran.
Oil price movements directly affect the rubber market because natural rubber competes with synthetic rubber, which is produced from crude oil. When oil prices rise, production costs for synthetic rubber increase accordingly, thereby supporting demand for natural rubber.
Thus, global rubber prices on May 29, 2026 recorded mixed movements across major exchanges.
Rubber prices on May 29 domestically
Domestically, latex purchasing prices remained unchanged compared to the previous day. At Binh Long Rubber Company, factory purchasing prices stayed at VND 505/TSC/kg, while prices at production teams remained at VND 495/TSC/kg. Meanwhile, mixed latex prices (DRC 60%) increased by VND 4,000 to VND 18,000/kg.
Other companies also maintained stable prices. At Mang Yang Rubber Company, fresh latex purchasing prices remained around VND 458-463/TSC (grade 2-grade 1), while mixed coagulated latex prices ranged from VND 404-459/DRC (grade 2-grade 1).
Ba Ria Rubber Company continued quoting fresh latex prices at VND 420/TSC/kg (applicable for TSC levels from 25 to under 30), while coagulated latex DRC (35-44%) remained at VND 14,600/kg and raw latex at VND 18,100/kg.
Phu Rieng Rubber Company maintained fresh latex purchasing prices at VND 420/TSC, while mixed latex prices remained unchanged at VND 390/DRC.
$ 1 = VND 26,395 – Source: Vietcombank.
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