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India: Spot rubber rules flat

KOTTAYAM, NOV.5:  

Spot rubber ruled flat on Tuesday. There were no enquiries from any leading industrial sectors and the market lost its direction, following lack of genuine buyers and sellers in the local trading houses. “The commodity is still bearish and we expect prices to move down further, in tune with the overall sentiments,” an observer said.

Sheet rubber closed unchanged at Rs 158 a kg, according to traders. The grade slipped to Rs 158 (Rs 158.50) and Rs 155 (Rs 155.50) respectively, as quoted by the Rubber Board and dealers.

November futures dropped further to Rs 158.10 (Rs 159.22), December to Rs 159.05 (Rs 160.23) and January to Rs 160.79 (Rs 162.08) while the February and March futures remained inactive on the National Multi Commodity Exchange.

RSS 3 (spot) declined to Rs 154.55 (Rs 155.51) at Bangkok. November futures closed at ¥ 243.6 (Rs 152.86) from ¥ 246.9 on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 158 (158); RSS-5: 151 (151); Ungraded: 147 (147); ISNR 20: 150 (150) and Latex 60%: 113 (114).

India’s Rubber Prices on November 5, 2013

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

 

Arrivals

 

 

Price

 

 

 

Current

%

Season 

Modal

Prev.

Prev.Yr

 

 

change

cumulative

Modal

%change

Rubber

 

 

 

 

 

 

Pampady(Ker)

5

NC

286.44

13700

14000

-23.89

Vadakkenchery(Ker)

3.8

2.7

22

15450

15950

Irrikkur(Ker)

3

NC

681.2

14400

14500

-17.71

Source: The Hindu Business Line

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