KOTTAYAM, OCT.22:
Physical rubber prices finished steady on Tuesday.
The market continued to remain under pressure, tracking the overall weakness in the domestic futures.
There were no signs of a long-term recovery in the market and the immediate outlook also appeared gloomy though the North-East Monsoon is expected to strengthen in the days ahead.
MIXED TREND
The trend was partially mixed as latex lost marginally amidst dull volumes.
Sheet rubber closed unchanged at Rs 160 a kg, according to traders.
The grade ended flat at Rs 161 both at Kottayam and Kochi, as quoted by the Rubber Board.
November futures weakened marginally to Rs 160.90 (Rs 161.04), December to Rs 162.65 (Rs 162.94) and January to Rs 164.70 (Rs 164.93).
February and March futures continued to remain inactive on the National Multi Commodity Exchange.
RSS 3 (spot) inched up to Rs 157.80 (Rs 157.58) at Bangkok.
October futures closed at ¥253.1 (Rs 158.55) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 160 (160); RSS-5: 151 (151); Ungraded: 147 (147); ISNR 20: 153 (153) and Latex 60%: 121 (122).
India’s Rubber Prices on October 22, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Ranchi(Jha) |
139 |
-47.35 |
13167.8 |
3320 |
3320 |
-13.77 |
|
Udaipura(Raj) |
105 |
-54.55 |
11461.6 |
3180 |
3180 |
-13.47 |
|
Ajmer (Grain)(Raj) |
92 |
-3.16 |
7838.8 |
3275 |
3300 |
-13.01 |
|
Muzzafarnagar(UP) |
47 |
-6 |
7664 |
3230 |
3230 |
-13.87 |
|
Jaipur(Grain)(Chandpole)(Raj) |
21 |
NC |
1118 |
3150 |
3200 |
-17.75 |
|
Sultan bathery(Ker) |
5.2 |
62.5 |
509 |
14500 |
14500 |
-13.17 |
|
Pampady(Ker) |
3 |
50 |
250.44 |
15500 |
15700 |
-13.89 |
|
Irity(Ker) |
3 |
NC |
954 |
16250 |
16500 |
-11.92 |
|
Giridih(Jha) |
2.3 |
-55.77 |
295.6 |
4200 |
4200 |
2.44 |
|
Pulpally(Ker) |
2 |
NC |
451.8 |
16500 |
16500 |
-1.2 |
|
Irrikkur(Ker) |
2 |
NC |
631.2 |
14900 |
14900 |
-8.59 |
|
Thaliparamba(Ker) |
2 |
NC |
918.4 |
16250 |
16500 |
-12.63 |
|
Kalpetta(Ker) |
0.6 |
NC |
39.4 |
15000 |
15700 |
-9.09 |
Source: The Hindu
