KOTTAYAM, NOV.12:
Spot rubber recovered marginally on Tuesday. The market opened steady but improved later on covering purchases, at lower levels, following the moderate gains in the domestic futures market. Major manufacturers continued to sideline the market, but absence of genuine sellers kept prices firm, during closing hours.
Sheet rubber improved to Rs 157.50 (Rs 156.50) a kg, according to traders. The grade finished flat at Rs 157 and Rs 154 respectively, as reported by the Rubber Board and dealers.
November futures increased to Rs 160 (Rs 157.03), December to Rs 161.12 (Rs 158.61) and January to Rs 163.25 (Rs 160.75) while the February and March futures were inactive on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs 158.08 (Rs 158.56) at Bangkok. November futures closed up at ¥ 248.5 (Rs 158.60) from ¥ 247.0 on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 157.50 (156.50); RSS-5: 149 (148.50); Ungraded: 144.50 (144); ISNR 20: 149 (149) and Latex 60%: 106 (107).
India’s Rubber Prices on November 12, 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) |
490 |
-19.8 |
49156.4 |
3010 |
3010 |
-14.54 |
|
Muzzafarnagar(UP) |
51 |
6.25 |
8806 |
3225 |
3225 |
-13.31 |
|
Ajmer (Grain)(Raj) |
24 |
-12.73 |
8294.8 |
3200 |
3300 |
-13.51 |
|
Cherthalai(Ker) |
6.5 |
NC |
577.1 |
3050 |
3080 |
– |
|
Giridih(Jha) |
5.6 |
47.37 |
341.6 |
4000 |
3500 |
NC |
|
Irrikkur(Ker) |
5 |
25 |
717.2 |
14100 |
14000 |
-21.23 |
|
Vadakkenchery(Ker) |
4.5 |
18.42 |
31 |
15750 |
15450 |
– |
|
Chaibasa(Jha) |
3.5 |
NC |
577 |
3200 |
3200 |
-15.79 |
|
Pulpally(Ker) |
3 |
50 |
501.8 |
15500 |
16500 |
-11.43 |
|
Thaliparamba(Ker) |
3 |
-25 |
984.4 |
14900 |
14800 |
-14.37 |
|
Irity(Ker) |
3 |
NC |
1020 |
14900 |
14900 |
-14.37 |
|
Kuttoor(Ker) |
1 |
NC |
122.6 |
15400 |
16000 |
-9.94 |
Source: The Hindu Business Line
