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New York
Saturday, November 27, 2021

India: Spot rubber rules steady

KOTTAYAM, DEC.10:

The local rubber market continued to show a mixed mood on Tuesday. The most active counters RSS 4 and ungraded improved marginally amidst scattered transactions while the remaining grades were steady and almost inactive. Marginal recovery in domestic futures catalysed the sentiments partially but the absence of genuine buyers kept the commodity under pressure during closing hours. Sheet rubber firmed up to Rs.151.50 (151.00) per kg according to traders. The grade was quoted unchanged at Rs.151.00 and Rs.148.00 per kg respectively by the Rubber Board and dealers. The volumes were dull.

RSS 4 improved at its December futures to Rs.153.00 (151.88), January to Rs.154.85 (153.92) and February to Rs.157.50 (156.44) per kg while the March and April futures remained inactive on National Multi Commodity Exchange (NMCE).

The December futures increased to ¥ 278.0 (Rs. 164.83) from ¥ 275.3 per kg during the day session but then dropped to ¥ 273.2 (Rs. 161.99) per kg in the night session on Tokyo Commodity Exchange.

The spot rubber rates per kg follow:

RSS-4: 151.50 (151.00)

RSS-5: 142.00 (142.00)

Ungraded: 138.50 (138.00)

ISNR 20: 143.50 (143.50)

and

Latex 60%: 108.00 (108.00)

India’s Rubber Prices on December 10, 2013

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

 

Arrivals

Price

 

Current

%

Season 

Modal

Prev.

Prev.Yr

change

cumulative

Modal

%change

Rubber

Udaipura(Raj)

105

-53.95

16163.4

3120

3125

-13.93

Ajmer (Grain)(Raj)

92

6.98

10036.8

3100

3211

-17.33

Muzzafarnagar(UP)

38

8.57

10251

3220

3200

-12.26

Birbhum(WB)

28.5

-90.81

737

3600

3610

-6.49

Hazaribagh(Jha)

8.5

-29.17

618

3500

3500

-12.5

Pampady(Ker)

5

150

324.44

14000

14000

-11.39

Chaibasa(Jha)

3.5

16.67

686

3200

3200

-15.79

Sultan bathery(Ker)

2.5

177.78

585.2

13800

13900

-6.12

Kuttoor(Ker)

1

NC

134.6

14800

14700

-5.13

Bahadurgarh(Har)

1

-52.38

21.2

3000

3200

-21.05

Source: The Hindu

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