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Thursday, August 11, 2022

India: Mixed trend in rubber

KOTTAYAM, NOV.11:

Physical rubber prices were mixed on Monday. The most active counters RSS 4 and RSS 5 improved marginally, on covering purchases, at lower levels. There were no fresh enquiries from the industrial sector, but most traders seemed to be expecting, a short-term recovery in the market. Meanwhile, latex continued to decline on low demand. The overall volume was low.

Sheet rubber was quoted firm at Rs 156.50 (Rs 156) a kg by traders. The grade, increased to Rs 157 and Rs 154 from Rs 156.50 and Rs 153.50, respectively, according to the Rubber Board and dealers.

November futures inched up to Rs 156.81 (Rs 156.36), December to Rs 158.79 (Rs 157.87) and January to Rs 160.90 (Rs 159.99) for RSS 4 while the February and March futures remained totally inactive, on the National Multi Commodity Exchange.

RSS 3 (spot) improved to Rs 158.56 (Rs 156.60) at Bangkok. November futures closed at ¥ 246.7 (Rs 157.62) on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 156.50 (156); RSS-5: 148.50 (148); Ungraded: 144 (144); ISNR 20: 149 (149); and Latex 60%: 107 (108).

India’s Rubber Prices on November 11, 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)

611

10.49

48176.4

3010

3010

-14.54

Palitana(Raj)

160

-36

11880

3250

3350

Muzzafarnagar(UP)

48

-7.69

8704

3225

3220

-12.84

Cherthalai(Ker)

6.5

30

564.1

3080

3080

Irrikkur(Ker)

4

33.33

707.2

14000

14300

-21.79

Thaliparamba(Ker)

4

33.33

978.4

14800

15200

-15.19

Chaibasa(Jha)

3.5

16.67

570

3200

3200

-15.79

Irity(Ker)

3

-25

1014

14900

15250

-14.37

Parakkodu(Ker)

2

-16.67

303.8

15300

15100

-10.53

Pulpally(Ker)

2

NC

495.8

16500

16500

-5.71

Source: The Hindu

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