KOTTAYAM, OCT.9:
Physical rubber prices were steady on Wednesday. The market lost the initial strength tracking the late declines in domestic futures. But the prices managed to sustain at the prevailing levels as there were no active sellers or buyers in the local trading houses. The trend was partially mixed while latex fell further amidst scattered transactions.
Sheet rubber finished unchanged at Rs 168 a kg, according to traders. The grade, improved to Rs 168 (Rs 167.50) at Kottayam and Kochi, as reported by the Rubber Board.
October futures weakened to Rs 169.00 (Rs 171.46), November to Rs 170.01 (Rs 172.63), December to Rs 172.10 (Rs 174.53) and January to Rs 175.03 (Rs 176.82) while the February and March futures remained inactive on the National Multi Commodity Exchange. RSS 3 (spot) dropped to Rs 156.80 (Rs 157.15) at Bangkok. October futures closed at ¥ 247.7 (Rs 157.45) on the Tokyo Commodity Exchange. Spot rubber rates rs/kg RSS-4: 168 (168); RSS-5: 162 (162); Ungraded: 158 (158); ISNR 20: 158 (158) and Latex 60%: 128 (129).
India’s Rubber Prices on October 9, 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 |
50 |
9109.6 |
3225 |
3230 |
-13.42 |
|
Muzzafarnagar(UP) |
48.5 |
3.19 |
6955 |
3220 |
3225 |
-17.44 |
|
Lakhimpur(UP) |
9 |
12.5 |
907 |
3300 |
– |
– |
|
Chaibasa(Jha) |
4.5 |
12.5 |
464 |
3500 |
3500 |
-7.89 |
|
Pulpally(Ker) |
1 |
-50 |
431.8 |
16500 |
16500 |
-9.34 |
Source: The Hindu Business Line
