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Tuesday, January 18, 2022

India: Spot rubber up as growers hold back stocks

KOTTAYAM, DEC. 13:

 Rubber prices improved on Friday as dealers and growers cut sales. The market began showing signs of recovery on comparatively better demand.

“We expect the tyre makers to join the buyers queue since they usually prefer to procure the raw material from local markets during the peak production season,” an observer said.

Sentiments were catalysed by favourable reports from the international trend-setters.

RSS 4 was quoted firm at Rs 152.50 (Rs 152) a kg. The grade improved to Rs 152 (Rs 151.50) and Rs 149 (Rs 148.50) respectively, according to the Rubber Board and dealers.

December futures inched up to Rs 154 (Rs 153.44), January to Rs 155.95 (Rs 155.29), February to Rs 158.26 (Rs 157.60) and March to Rs 161.50 (Rs 159.12) on the National Multi Commodity Exchange.

RSS 3 (spot) increased to Rs 160.56 (Rs 159.41) at Bangkok. December futures closed at ¥282.0 (Rs 169.26) on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 152.50 (152); RSS-5: 143.50 (143); Ungraded: 140 (138.50); ISNR 20: 144.50 (144) and Latex 60%: 109 (109).

India’s Rubber Prices on December 13, 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)

340.9

-61.62

63116

2985

2990

-11.95

Muzzafarnagar(UP)

30

3.45

10435

3220

3220

-11.78

Birbhum(WB)

28.5

-1.72

913

3610

3600

-6.23

Ajmer (Grain)(Raj)

3

-95

10266.8

3150

3110

-16

Pulpally(Ker)

2

NC

545.8

16000

16500

NC

Sultan bathery(Ker)

1.8

-18.18

597.4

14100

14000

-6.62

Source: The Hindu

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