The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs as saying that in September 2023, China is still Vietnam's largest rubber export market, accounting for 80.88% in volume. and accounted for 80.41% in value of the country's total rubber exports , reaching 156.34 thousand tons, worth 202.44 million USD, down 14% in volume and 12.8% in value compared to the previous year. August 2023; Compared to September 2022, it increased by 4.6% in volume, but decreased by 2.7% in value.

In September 2023, rubber exports to China increased for the 8th consecutive month

This is the 8th consecutive month that the amount of rubber exported to the Chinese market has increased compared to the same period in 2022.

The average export rubber price to China is 1,295 USD/ton, up 1.4% compared to August 2023, but down 7% compared to September 2022.

Accumulated in the first 9 months of 2023, Vietnam exported 1.09 million tons of rubber to China, worth 1.44 billion USD, up 10.7% in volume, but down 8.1% in value compared to same period in 2022.

In the domestic market, from the beginning of October 2023 until now, rubber latex prices in raw material areas have remained stable.

In Gia Lai and Lam Dong provinces, latex prices are stable at 240 VND/TSC; In the provinces of Binh Phuoc, Dak Lak, Kon Tum and Dong Nai, the price of latex ranges from 250-265 VND/TSC; Latex price in Dak Nong fluctuates at 275 VND/TSC; The price of latex in Ho Chi Minh City is 270 VND/TSC.

As for rubber companies, latex prices are stable compared to the end of September 2023, currently maintaining around 265 - 295 VND/TSC. Of which, Phuoc Hoa Rubber Company purchased at 293 - 295 VND/TSC; Phu Rieng Rubber Company's purchasing price fluctuates at 265 - 285 VND/TSC. Binh Long Rubber Company keeps the purchasing price at 265-275 VND/TSC. Ba Ria Rubber Company keeps the purchasing price at 265 - 275 VND/TSC.

On the world market, from the beginning of October 2023 until now, rubber prices on key Asian exchanges have tended to increase due to rising oil prices, while the market is concerned that conflicts in the Middle East pose a danger. Given the potential for shipping disruptions and higher shipping costs, tire companies are likely to increase rubber stocks, thereby pushing up demand for natural rubber. The Golden Week holiday in China has ended, the market will resume trading from October 9, 2023.