KOTTAYAM, NOV. 4:
Spot rubber prices ruled weak on Monday. Sentiments were led by the absence of buyers from major consuming sectors and an almost similar trend in domestic futures.
According to analysts, the bearish trend is expected to continue as the fundamental and technical factors are not supporting a sharp recovery in the immediate future unless the tyre people come forward with quantity buying orders.
Sheet rubber dropped to Rs 158 (158.50) a kg, according to traders.
The grade declined to Rs 158.50 (159) and Rs 155.50 (156) a kg respectively, as reported by the Rubber Board and dealers.
The November futures slipped to Rs 159.19 (159.74), December to Rs 160.11 (160.90) and January to Rs 162.10 (162.68) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) increased to Rs 155.51 (154.74) a kg at Bangkok.
The Tokyo Commodity Exchange was closed on account of the substitute holiday for National Culture Day
Spot rubber rates (Rs/kg): RSS-4: 158 (158.50); RSS-5: 151 (151); Ungraded: 147 (147); ISNR 20: 150 (150.50) and Latex 60 per cent: 114 (114.50).
India’s Rubber Prices on November 4, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Thaliparamba(Ker) |
3 |
NC |
958.4 |
15200 |
15250 |
-13.14 |
|
Irity(Ker) |
3 |
NC |
994 |
15250 |
15250 |
-12.86 |
|
Pulpally(Ker) |
2 |
NC |
475.8 |
16500 |
16500 |
NC |
Source: The Hindu
