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India: Spot rubber drops a tad

KOTTAYAM, DEC.18:  

Spot rubber prices were almost steady on Wednesday. The market lost its direction despite a firm closing in domestic futures as there was no follow-up buying by major consuming industries. RSS-4 suffered marginally during late trading hours, while overall volumes were extremely dull in most counters.

Sheet rubber weakened to Rs 153 (Rs 153.50) a kg, as quoted by the traders. January futures improved to Rs 158.02 (Rs 157.67), February to Rs 160.52 (Rs 159.98), March to Rs 163 (Rs 161.51) and May to Rs 167.77 (Rs 165.30) on the National Multi Commodity Exchange.

RSS 3 (spot) declined to Rs 160.65 (Rs 162.12) at Bangkok. December futures closed at ¥280.0 (Rs 168.89) on the Tokyo Commodity Exchange.

Spot rubber rates Rs/kg were: RSS-4: 153 (153.50); RSS-5: 145.50 (145.50); Ungraded: 142 (142); ISNR 20: 146.50 (146.50); and Latex 60%: 109 (109).

India’s Rubber Prices on December 18, 2013

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

 

Arrivals

Price

 

Current

%

Season 

Modal

Prev.

Prev.Yr

change

cumulative

Modal

%change

Rubber

Hapur(UP)

30

20

820

3225

3230

Birbhum(WB)

29

2.11

1085.1

3610

3610

-3.73

Muzzafarnagar(UP)

28

-20

10561

3220

3220

-11.78

Sultan bathery(Ker)

2.8

55.56

609

14400

14200

-5.88

Source: The Hindu

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