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Monday, August 15, 2022

India: Spot rubber prices recover marginally

KOTTAYAM, NOV.12:  

Spot rubber recovered marginally on Tuesday. The market opened steady but improved later on covering purchases, at lower levels, following the moderate gains in the domestic futures market. Major manufacturers continued to sideline the market, but absence of genuine sellers kept prices firm, during closing hours.

Sheet rubber improved to Rs 157.50 (Rs 156.50) a kg, according to traders. The grade finished flat at Rs 157 and Rs 154 respectively, as reported by the Rubber Board and dealers.

November futures increased to Rs 160 (Rs 157.03), December to Rs 161.12 (Rs 158.61) and January to Rs 163.25 (Rs 160.75) while the February and March futures were inactive on the National Multi Commodity Exchange.

RSS 3 (spot) weakened to Rs 158.08 (Rs 158.56) at Bangkok. November futures closed up at ¥ 248.5 (Rs 158.60) from ¥ 247.0 on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 157.50 (156.50); RSS-5: 149 (148.50); Ungraded: 144.50 (144); ISNR 20: 149 (149) and Latex 60%: 106 (107).

India’s Rubber Prices on November 12, 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)

490

-19.8

49156.4

3010

3010

-14.54

Muzzafarnagar(UP)

51

6.25

8806

3225

3225

-13.31

Ajmer (Grain)(Raj)

24

-12.73

8294.8

3200

3300

-13.51

Cherthalai(Ker)

6.5

NC

577.1

3050

3080

Giridih(Jha)

5.6

47.37

341.6

4000

3500

NC

Irrikkur(Ker)

5

25

717.2

14100

14000

-21.23

Vadakkenchery(Ker)

4.5

18.42

31

15750

15450

Chaibasa(Jha)

3.5

NC

577

3200

3200

-15.79

Pulpally(Ker)

3

50

501.8

15500

16500

-11.43

Thaliparamba(Ker)

3

-25

984.4

14900

14800

-14.37

Irity(Ker)

3

NC

1020

14900

14900

-14.37

Kuttoor(Ker)

1

NC

122.6

15400

16000

-9.94

Source: The Hindu Business Line

 

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