KOTTAYAM, AUG. 29:
Spot rubber was mixed on Thursday. Sharp gains in the international markets and recovery in the domestic futures kept the undercurrent firm in most active counters. But prices failed to react in tune with the overall sentiments as major consuming industries were inactive. Though tapping has resumed in most plantations, it will take another couple of weeks for any visible improvement in arrivals. Hence, there may not be any selling pressure in the immediate future.
The key TOCOM rubber futures extended losses on fears that geopolitical tensions in Syria could sap confidence in the global economy.
Sheet rubber improved to Rs 185(Rs 184.50) a kg at Kottayam and Kochi, according to traders and the Rubber Board. Volumes were dull.
In futures, the September contracts increased to Rs 184.35 (Rs 183.15), October to Rs 183.60 (Rs 181.19), November to Rs 183.49 (Rs 178.34) and December to Rs 183.56 (Rs 178.43) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) firmed up further to Rs 180(174.09) a kg at Bangkok. The September futures declined ) from ¥ 265 a kg to ¥ 261 (Rs 178.13) on the Tokyo Commodity Exchange.
Spot rubber (Rs/kg) were: RSS-4: 185(184.50); RSS-5: 181.50 (181); Ungraded: 175(174); ISNR 20: 166(167) and latex 60 per cent: 149(152)
India’s Rubber Prices on August 29, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Udaipura(Raj) |
168 |
100 |
6553 |
3225 |
3225 |
-8.51 |
|
Palitana(Raj) |
160 |
-36 |
9260 |
3250 |
3250 |
– |
|
Ranchi(Jha) |
123 |
66.22 |
9787.4 |
3350 |
3350 |
-11.84 |
|
Ajmer (Grain)(Raj) |
42 |
-62.16 |
6370.4 |
3360 |
3350 |
-7.72 |
|
Muzzafarnagar(UP) |
36 |
-6.49 |
5612 |
3310 |
3320 |
-9.32 |
|
Lakhimpur(UP) |
7 |
NC |
644 |
3300 |
3300 |
– |
|
Bermo(Jha) |
4 |
NC |
104 |
3800 |
3800 |
18.75 |
|
Pulpally(Ker) |
3 |
50 |
352.8 |
19500 |
19500 |
21.88 |
|
Irrikkur(Ker) |
3 |
50 |
537.2 |
16900 |
17800 |
16.55 |
Source: The Hindu Business Line
Source: The Hindu
