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Thursday, August 11, 2022

India: Buyer resistance saps rubber

KOTTAYAM, AUGUST 12:  

Spot rubber lost further on buyer resistance following the sharp declines in domestic futures on the NMCE. RSS 4 weakened to Rs 118 (Rs 118.50) a kg, according to traders and the Rubber Board. The grade dropped to Rs 115 (Rs 115.50) as quoted by the dealers. August futures declined to Rs 113.10 (Rs 116.39), September at Rs 115.51 (Rs 116.78) on the National Multi Commodity Exchange. August futures closed to ¥183.4 (Rs 95.62) on the Tokyo Commodity Exchange. Spot rubber rates (Rs /kg): RSS-4: 118 (118.50); RSS-5: 113 (114); Ungraded: 102 (103); ISNR 20: 104 (105) and Latex 60%: 84.50 (85.50).

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

Arrivals Price
Current %
change
Season
cumulative
Modal Prev.
Modal
Prev.Yr
%change
Rubber
Jaipur (Grain)(Raj) 482.50 209.29 5453.00 2500 2425
Ajmer (Grain)(Raj) 90.50 341.46 3240.60 2640 2460 -20.48
Jaipur(Grain)(Chandpole)(Raj) 28.00 -6.67 1653.20 2475 2413 -23.85
Lakhimpur(UP) 12.00 -25 929.00 2995 2975 -10.86
Kondotty(Ker) 3.00 -40 26.00 2360 2450
Pulpally(Ker) 1.20 20 141.60 11000 11000 -19.12
Irikkur(Ker) 1.00 NC 86.00 9900 10100

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