Rubber stocks in Thailand edged higher on Monday as domestic prices continue to rise due to adverse weather conditions, supply chain disruptions, and increased global demand for natural rubber.
The share price of North East Rubber Public Company Limited (SET: NER) rose THB0.25 or 5.00% to THB5.25 per share. Meanwhile, Sri Trang Agro-Industry Public Company Limited (SET: STA) jumped THB1.90 or 9% to THB23.00 per share.
Thai Rubber Latex Group Public Company Limited (SET: TRBB) gained THB0.08 or 6.72% to THB1.27 per share.
Thai Eastern Group Holdings Public Company Limited (SET: TEGH) increased THB0.18 or 4.92% to THB3.84 per share.
Additionally, Sri Trang Gloves (Thailand) Public Company Limited (SET: STGT) roared THB2.40 or 23.76% to THB12.50 per share. This jump was due to speculation in the market that the Biden administration could further put more tariffs on China’s rubber gloves, resulting in buyers shifting suppliers.
Prices of domestic unsmoked sheets rose 9% in the past month, while Natural Rubber Ribbed Smoked Sheet No.3, known as RSS3, increased 8.7%.
The US has announced this year that it will raise the import tariff on Chinese-made rubber medical and surgical gloves from 7.5% to 25%, with an effective date from 2026 moving onward.
