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Wednesday, August 17, 2022

India: Spot rubber unchanged

KOTTAYAM, OCT. 29:

Spot rubber closed unchanged on Tuesday. The undercurrent was weak but prices managed to sustain, at the prevailing levels on short supplies. Meanwhile, local trading houses will remain closed at Kottayam on Wednesday, owing to a ‘rubber hartal’ in protest against the recent price fall.

Sheet rubber closed steady at Rs 158.50 a kg according to trading circles. The grade was quoted unchanged at Rs 159 and Rs 156 respectively, as reported by the Rubber Board and dealers. The trend was partially mixed as latex lost further on low demand. November futures improved to Rs 160.92 (Rs 159.97), December to Rs 162.80 (Rs 161.46) and January to Rs 164.80 (Rs 163.40) while the February and March contracts remained inactive, on the National Multi Commodity Exchange. RSS 3 (spot) slipped Rs 155.17 (Rs 155.23) at Bangkok. November futures closed at ¥ 248.0 (Rs 155.75) on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 158.50 (158.50); RSS-5: 151 (151); Ungraded: 146 (146); ISNR 20: 150 (150) and Latex 60%: 116.50 (117).

India’s Rubber Prices on October 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

Mumbai(Mah)

495

-29.18

41612.6

3010

3010

-15.83

Ranchi(Jha)

260

69.93

14173.8

3320

3320

-13.77

Udaipura(Raj)

206

-24.54

13106.4

3030

3140

-16.41

Jaipur(Grain)(Chandpole)(Raj)

25

-45.05

1499

3200

3150

-16.45

Hapur(UP)

25

25

140

3225

3215

Kulasekaram(TN)

10

18.62

36.86

14

14

Lakhimpur(UP)

8

14.29

1061

3310

3320

Giridih(Jha)

5.2

126.09

306

4200

4200

2.44

Pampady(Ker)

5

66.67

266.44

15000

14500

-16.67

Vadakkenchery(Ker)

3.7

5.71

14.4

15950

15850

Sultan bathery(Ker)

3.2

-21.95

523.6

15300

14500

-8.38

Irrikkur(Ker)

3

NC

661.2

14500

14900

-11.04

Pulpally(Ker)

1

-50

463.8

16500

16500

-5.71

Manathavady(Ker)

0.7

-12.5

44.4

14300

14600

-14.37

Source: The Hindu

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