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India: Latex drops below Rs 150/kg; sheet rubber up

KOTTAYAM, AUG. 29:

 Spot rubber was mixed on Thursday. Sharp gains in the international markets and recovery in the domestic futures kept the undercurrent firm in most active counters. But prices failed to react in tune with the overall sentiments as major consuming industries were inactive. Though tapping has resumed in most plantations, it will take another couple of weeks for any visible improvement in arrivals. Hence, there may not be any selling pressure in the immediate future.

The key TOCOM rubber futures extended losses on fears that geopolitical tensions in Syria could sap confidence in the global economy.

Sheet rubber improved to Rs 185(Rs 184.50) a kg at Kottayam and Kochi, according to traders and the Rubber Board. Volumes were dull.

In futures, the September contracts increased to Rs 184.35 (Rs 183.15), October to Rs 183.60 (Rs 181.19), November to Rs 183.49 (Rs 178.34) and December to Rs 183.56 (Rs 178.43) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) firmed up further to Rs 180(174.09) a kg at Bangkok. The September futures declined ) from ¥ 265 a kg to ¥ 261 (Rs 178.13) on the Tokyo Commodity Exchange.

Spot rubber (Rs/kg) were: RSS-4: 185(184.50); RSS-5: 181.50 (181); Ungraded: 175(174); ISNR 20: 166(167) and latex 60 per cent: 149(152)

India’s Rubber Prices on August 29, 2013

Arrivals in tonnes;prices in Rs/quintal in domestic market.

 

Arrivals

Price

 

Current

%

Season 

Modal

Prev.

Prev.Yr

change

cumulative

Modal

%change

Rubber

Udaipura(Raj)

168

100

6553

3225

3225

-8.51

Palitana(Raj)

160

-36

9260

3250

3250

Ranchi(Jha)

123

66.22

9787.4

3350

3350

-11.84

Ajmer (Grain)(Raj)

42

-62.16

6370.4

3360

3350

-7.72

Muzzafarnagar(UP)

36

-6.49

5612

3310

3320

-9.32

Lakhimpur(UP)

7

NC

644

3300

3300

Bermo(Jha)

4

NC

104

3800

3800

18.75

Pulpally(Ker)

3

50

352.8

19500

19500

21.88

Irrikkur(Ker)

3

50

537.2

16900

17800

16.55

Source: The Hindu Business Line

Source: The Hindu

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