KOTTAYAM, OCT. 18:
The rubber market lost further ground on Friday on lack of buyers. Slack buying cast its shadow and prices slipped further amidst scattered transactions.
There was no selling pressure in the local market as the inflow of the raw material hit the bottom line.
Traders were cautious as the North-East Monsoon is expected to strengthen with heavy to very heavy rains in the days ahead, according to the Meteorological Department. Sheet rubber weakened to Rs 161 (Rs 163) a kg, according to traders.
The grade moved down to Rs 162.25 (Rs 163) at Kottayam and Kochi, as reported by the Rubber Board.
November contracts declined to Rs 161.75 (Rs 163.17), December to Rs 163.90 (Rs 165.41) and January to Rs 166.44 (Rs 167.65).
While the February contracts improved to Rs 173.99 (Rs 171.67) on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 158.84 (Rs 160.41) at Bangkok.
The October futures were quoted at ¥251.5 (Rs 157.67) on the Tokyo Commodity Exchange.
Spot rubber rates/kg were: RSS-4: 161 (163); RSS-5: 152 (155); Ungraded: 148 (152); ISNR 20: 154 (156) and Latex 60%: 122 (124).
India’s Rubber Prices on October 18, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Mumbai(Mah) |
644 |
57.69 |
35983.6 |
3015 |
3120 |
-15.38 |
|
Jaipur(Grain)(Chandpole)(Raj) |
58 |
9.43 |
1024 |
3200 |
3200 |
-16.45 |
|
Udaipura(Raj) |
31 |
-88.81 |
10495.6 |
3180 |
3230 |
-13.47 |
|
Chaibasa(Jha) |
4 |
-11.11 |
490 |
3500 |
3500 |
-7.89 |
|
Pampady(Ker) |
2 |
-33.33 |
244.44 |
15700 |
16000 |
-12.78 |
|
Irrikkur(Ker) |
2 |
-33.33 |
627.2 |
14900 |
15200 |
-8.59 |
|
Kuttoor(Ker) |
1 |
NC |
114.6 |
16200 |
16100 |
-8.99 |
Source: The Hindu Business Line
