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India: Spot rubber steady amidst supply concern

KOTTAYAM, SEPT.3:

Physical rubber prices were almost unchanged on Tuesday. Sharp declines in the stock markets following another fall in the rupee and the absence of genuine buyers in the local trading houses kept the sentiments under pressure during the day.

But prices managed to sustain at the current levels on supply concerns and an almost similar closing in the domestic futures. The trend was partially mixed.

Sheet rubber closed steady at Rs 186 a kg, according to traders.

The grade improved to Rs 186 (Rs 185.50) at Kottayam and Kochi, as quoted by the Rubber Board.

September futures weakened to Rs 186 (Rs 186.57) and October to Rs 185 (Rs 185.36) while the November futures firmed up marginally to Rs 186 (Rs 185.99) and December to Rs 187.70 (Rs 187.07) on the National Multi Commodity Exchange.

RSS 3 (spot) slipped to Rs 176.65 (Rs 176.66) at Bangkok. September futures closed at ¥269.1 (Rs 183.84) on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 186 (186); RSS-5: 182.50 (182.50); Ungraded: 176 (176); ISNR 20: 167 (167) and Latex 60%: 141 (145).

India’s Rubber Prices on September 3, 2013

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

 

Arrivals

Price

 

Current

%

Season 

Modal

Prev.

Prev.Yr

change

cumulative

Modal

%change

Rubber

Ranchi(Jha)

144

17.07

10075.4

3380

3350

-11.05

Udaipura(Raj)

84

-50

6721

3240

3225

-8.09

Muzzafarnagar(UP)

34.5

-4.17

5681

3300

3310

-9.84

Ajmer (Grain)(Raj)

25.5

-39.29

6421.4

3280

3360

-9.91

Gumla(Jha)

20

-33.33

100

3900

3600

20

Jaipur(Grain)(Chandpole)(Raj)

20

40

3300

-13.84

Giridih(Jha)

5.3

NC

238.2

4200

4200

7.69

Lakhimpur(UP)

5

-28.57

654

3410

3300

Chaibasa(Jha)

4

14.29

343

3500

3500

-7.89

Irrikkur(Ker)

2

-33.33

547.2

17500

17000

16.67

Kuttoor(Ker)

1

NC

92.6

18200

18100

8.98

Pampady(Ker)

1

NC

222.44

18200

18400

10.98

Madhupur(Jha)

1

11.11

81.6

3500

3500

-10.26

Source: The Hindu

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