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Friday, December 3, 2021

India: Mixed trend in spot rubber

KOTTAYAM, DEC.11:

 A mixed trend prevailed in spot rubber on Wednesday. The market is showing signs of a partial recovery and we expect prices to firm up further on some buying and short-covering, a trader said.

Growers are expected not to sell the produce as they usually hold their stocks during December and January if the prices rule low.

Hence, a sharp increase in arrivals could be ruled out and according to reports, the production is also low in certain plantations.

Sheet rubber closed unchanged at Rs 151.50 a kg, as reported by traders. The grade finished steady at Rs 151 and Rs 148 respectively, according to the Rubber Board and dealers.

December futures weakened to Rs 152.40 (Rs 152.84), January to Rs 154.40 (Rs 154.76) and February to Rs 157.71 (Rs 157.43) on the National Multi Commodity Exchange.

RSS 3 (spot) slid to Rs 157.47 (Rs 157.77) at Bangkok. December futures closed at ¥ 274.5 (Rs 164.13) on the Tokyo Commodity Exchange.

Spot rubber rates (Rs/kg) were: RSS-4: 151.50 (151.50); RSS-5: 142.50 (142); Ungraded: 138.50 (138.50); ISNR 20: 143.50 (143.50) and Latex 60%: 109 (108).

India’s Rubber Prices on December 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

Palitana(Raj)

250

NC

13840

3115

3050

Udaipura(Raj)

163.5

55.71

16490.4

3120

3120

-13.93

Ranchi(Jha)

52

-60.9

15731.8

3350

3350

-11.84

Ajmer (Grain)(Raj)

52

-43.48

10140.8

3105

3100

-17.2

Muzzafarnagar(UP)

33

-13.16

10317

3220

3220

-12.26

Birbhum(WB)

30.5

7.02

798

3600

3600

-6.49

Hapur(UP)

25

NC

710

3230

3220

Bermo(Jha)

6

50

184

3600

3300

12.5

Pulpally(Ker)

4

100

537.8

16500

16500

10

Sultan bathery(Ker)

2.1

-16

589.4

13800

13800

-6.76

Kuttoor(Ker)

1

NC

136.6

14900

14800

-5.1

Source: The Hindu

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