KOTTAYAM, SEPT.24:
Spot rubber declined further on Tuesday. According to observers, there were no buyers on any grade and the market lost ground, amidst dull volumes.
Major manufacturers continued to stay back, following a favourable turn in weather, to resume tapping.
The gap between the domestic and international prices would narrow down in a couple of weeks once the arrivals improve, an analyst said.
Sheet rubber dropped to Rs 179 (Rs 180) a kg, according to traders. The grade weakened to Rs 180 (Rs 181) at Kottayam and Kochi, as reported by the Rubber Board.
October futures improved to Rs 177.80 (Rs 176.40), November to Rs 176.96 (Rs 176.40) December to Rs 178.50 (Rs 178.32) and January to Rs 180.10 (Rs 179.70) while the February futures, remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) inched up to Rs 166.24 (Rs 166.10) at Bangkok. September futures closed at ¥262.0 (Rs 166.32) on the Tokyo Commodity Exchange. Spot rubber rates Rs/kg: RSS-4: 179 (180); RSS-5: 174 (175); Ungraded: 168 (170); ISNR 20: 168 (169) and Latex 60%: 140 (141).
India’s Rubber Prices on September 21, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Jaipur (Grain)(Raj) |
279 |
299.71 |
16307.4 |
3300 |
3275 |
-13.16 |
|
Ranchi(Jha) |
256 |
753.33 |
12139.4 |
3360 |
3360 |
-11.58 |
|
Muzzafarnagar(UP) |
46 |
2.22 |
6412 |
3240 |
3260 |
-15.18 |
|
Jaipur(Grain)(Chandpole)(Raj) |
27.5 |
-52.59 |
383 |
3300 |
3300 |
-13.84 |
|
Lakhimpur(UP) |
8 |
14.29 |
793 |
3300 |
3400 |
– |
|
Vadakkenchery(Ker) |
4.5 |
-4.26 |
424.2 |
18050 |
18050 |
-2.7 |
|
Chaibasa(Jha) |
4 |
NC |
440 |
3500 |
3500 |
-7.89 |
|
Irity(Ker) |
2.5 |
NC |
896 |
18000 |
18250 |
4.05 |
|
Bilaspur(Har) |
2.4 |
9.09 |
17.6 |
3200 |
3200 |
– |
|
Thaliparamba(Ker) |
2 |
NC |
866.4 |
18000 |
18250 |
4.35 |
|
Kuttoor(Ker) |
1 |
NC |
102.6 |
17800 |
18400 |
-5.82 |
|
Kalpetta(Ker) |
0.6 |
-14.29 |
32.2 |
17500 |
17500 |
-2.78 |
Source: The Hindu
