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Thursday, August 11, 2022

India: Rubber in bear grip

KOTTAYAM, AUGUST 6:  

Spot rubber continued to remain almost unchanged with RSS 4 steady at Rs 119 a kg. Domestic market sentiment has been bearish for long due to tepid demand from tyre manufactures and weakness in crude oil prices. The grade finished flat at Rs 116 as reported by the dealers. August futures weakened to Rs 118.40 (Rs 118.46), September to Rs 118.21 (Rs 118.46) on the National Multi Commodity Exchange.RSS 3 (spot) inched up to Rs 99.78 (Rs 99.53) at Bangkok. Its August futures closed at ¥187.5 (Rs 95.79) on the Tokyo Commodity Exchange. Spot rubber rates (Rs /kg): RSS-4: 119 (119); RSS-5: 116 (116); Ungraded: 103 (103); ISNR 20: 105 (106) and Latex 60%: 91.50 (94).

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

Arrivals Price
Current %
change
Season
cumulative
Modal Prev.
Modal
Prev.Yr
%change
Rubber
Sainthia(WB) 44.20 -16.92 2232.80 2600 2570
Ajmer (Grain)(Raj) 20.50 -65.55 3059.60 2460 2455 -25.90
Birbhum(WB) 9.80 -2.97 1626.20 2610 2610 -18.94
Lohardaga(Jha) 6.00 NC 354.20 3300 3000
Sultan bathery(Ker) 1.80 200 175.40 10400 10600 -21.80
Pulpally(Ker) 1.00 NC 137.20 11300 12000 -16.91
Pakur(Jha) 1.00 25 8.76 2965 2981

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