Friday, October 19, 2018 11:29:16 AM - Markets open
VN-INDEX 954.25 -9.22/-0.96%
HNX-INDEX 107.17 -0.74/-0.69%
UPCOM-INDEX 52.43 -0.27/-0.52%
Rubber exports see robust growth in May
Thanhnien.vn - 6/6/2018 8:56:14 AM
 (0 ratings. You must sign in to rate.)
Last month’s results mean the country exported 424,000 tons of rubber in the first five months of the year, bringing in US$620 million, up 17.4% in volume but down nearly 20% in value on the corresponding period last year.
 
Meanwhile, according to statistics from Vietnam Customs, exports of most kinds of rubber during the first four months of the year saw growth compared to the same period last year, with SVR 3L up 14.3%, SVR 10 up 54.2%, RSS 3 up 66.2%, and SVR CV60 up 4.5%. Exports of synthetic rubber amounted to 163,880 tons valued at US$238.04 million, making up 49.4% of total rubber exports. However, export prices for rubber dropped sharply in the period, with SVR 5 down 30.8%, synthetic rubber down 28.7%, and SVR 3L down 26.7%.
 
Rubber prices on the world market began to rise in May due to a forecast of increased demand from China and India, which consume 48% of the global volume of natural rubber. Correspondingly, the prices of rubber latex in the Vietnamese provinces of Binh Phuoc, Binh Duong, and Tay Ninh also surged upwards.
 
The Association of Natural Rubber Producing Countries (ANRPC) predicted the global output of natural rubber to reach 14.2 million tons this year, a year-on-year rise of 6.4%, while consumption volume is forecast to increase 6.4% to 14.3 million tons.
 
Read original article here
Newer News
31/08 Vietnam, China to open new border gate pair
17/08 Cement exports record strong growth
15/08 Vietnamese steel sector amidst US-China trade war
14/08 Rubber industry faces falling export price
14/08 US’s DoC levies anti-subsidy tax on Vietnamese laminated woven sacks
08/08 US initiates anti-dumping investigation into VN’s cold rolled steel
06/08 Agro-forestry-fishery exports grow 7.8 percent in 7 months
04/08 Vietnam works hard to have “yellow card” warning removed
02/08 Plastic products exports up 20%
31/07 Retail revenue high in first seven months
Older News
05/06 US to crack down on illegal shrimp imports
05/06 Vietnamese garment firms expect to navigate Australia
04/06 Demand for organic fertiliser rises
01/06 Aquatic exports rise by 10 percent in five months
30/05 Tra fish export to US increases despite anti-dumping measures
29/05 Steel firms urged to ensure material transparency
25/05 Tra fish exports to China continue to thrive
23/05 Conference highlights CPTPP’s commitments, tips for businesses
22/05 US’ DoC levies import tax on Vietnamese steel
22/05 EVFTA - a push for Vietnam-EU economic relations
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 11:31:05 AM
VN-INDEX 954.25 -9.22/-0.96%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.