KOTTAYAM,SEPT. 26:
Spot rubber declined on Thursday as were no buyers, even at lower levels. Scattered transactions dragged the market further.
According to dealers, the recent price fall and the absence of fresh enquiries, from major consuming industries have unnerved traders. The overall sentiments were extremely bearish.
Sheet rubber weakened to Rs 174 (175) a kg, according to traders. The grade dropped to Rs.175 (178) at Kottayam and Kochi, as quoted by the Rubber Board.
October futures improved to Rs 174.20 (Rs 172.89), November to Rs 173.45 (Rs 171.96) December to Rs 175.52 (Rs 173.90) and January to Rs 178 (Rs 176.62) while the February futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) declined to Rs 163.32 (Rs 165.19) at Bangkok. October futures closed at ¥ 261.1 (Rs 164.16) on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg) were: RSS-4: 174 (175); RSS-5: 170 (172); Ungraded: 160 (165); ISNR 20: 165 (166) and Latex 60 per cent: 137 (139).
India’s Rubber Prices on September 26, 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)(Chandpole)(Raj) |
83 |
1006.67 |
564 |
3200 |
3200 |
-16.45 |
|
Muzzafarnagar(UP) |
47 |
17.5 |
6586 |
3240 |
3240 |
-15.18 |
|
Lakhimpur(UP) |
8 |
-5.88 |
826 |
3300 |
3300 |
– |
|
Giridih(Jha) |
5.3 |
1.92 |
280.6 |
4200 |
4200 |
5 |
|
Sahebganj(Jha) |
5 |
-44.44 |
83 |
3400 |
3400 |
– |
|
Vadakkenchery(Ker) |
4.7 |
4.44 |
433.6 |
17150 |
18050 |
-4.99 |
|
Irity(Ker) |
2.5 |
NC |
901 |
18250 |
18000 |
5.8 |
|
Thaliparamba(Ker) |
2 |
NC |
870.4 |
18250 |
18000 |
5.49 |
|
Punalur(Ker) |
1.5 |
NC |
151.4 |
3500 |
3500 |
-7.89 |
|
Pulpally(Ker) |
1 |
-50 |
411.8 |
19500 |
19500 |
20.37 |
Source: The Hindu Business Line
