KOTTAYAM, SEPT.27:
Rubber prices declined further on Friday in the absence of genuine buyers. According to market circles, there were buyers even at lower levels.
“If major manufacturers (tyre manufacturers) continue to abstain from the market, the dealers will be compelled to down the shutters,” said George Valy, President, Indian Rubber Dealers Federation. Manufacturers were reluctant to even lift the rubber that arrived in the last few days. This has left small rubber dealers incurring heavy loss.
Sheet rubber dropped to Rs 173 (Rs 174) a kg, according to traders. The grade closed weak at Rs 173.50 (Rs 175) at Kottayam and Kochi, according to the Rubber Board.
Oct futures declined to Rs 171.75 (Rs 174.84), Nov to Rs 170.70 (Rs 173.76) Dec to Rs 172.75 (Rs 175.54) and Jan to Rs 175.90 (Rs 177.96) for RSS 4 while Feb remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs 161.79 (Rs 163.32) at Bangkok. October futures closed at ¥256.1 (Rs 162.32) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg: RSS-4: 173 (174); RSS-5: 169 (170); Ungraded: 158 (160); ISNR 20: 162 (165) and Latex 60%: 133 (137).
India’s Rubber Prices on September 27, 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) |
126 |
10.53 |
7925.6 |
3210 |
3230 |
-13.83 |
|
Muzzafarnagar(UP) |
51 |
8.51 |
6688 |
3240 |
3240 |
-15.18 |
|
Jaipur(Grain)(Chandpole)(Raj) |
24 |
-71.08 |
612 |
3200 |
3200 |
-16.45 |
|
Ajmer (Grain)(Raj) |
21 |
-16 |
6974.8 |
3265 |
3250 |
-13.16 |
|
Lakhimpur(UP) |
7.5 |
-6.25 |
841 |
3300 |
3300 |
– |
|
Chaibasa(Jha) |
4 |
NC |
448 |
3500 |
3500 |
-7.89 |
|
Pulpally(Ker) |
2 |
100 |
415.8 |
18900 |
19500 |
8.62 |
|
Kuttoor(Ker) |
1 |
NC |
106.6 |
17600 |
17700 |
-5.38 |
|
Manathavady(Ker) |
0.8 |
14.29 |
35.8 |
17100 |
17400 |
-5 |
|
Kalpetta(Ker) |
0.6 |
NC |
34.6 |
16300 |
17500 |
-9.44 |
Source: The Hindu
