KOTTAYAM, NOV.21:
Absence of enquiries from major consuming industries and another weak closing in the domestic futures market kept spot rubber under pressure on Thursday.
Selling pressure on dealers and growers was visible from dealers and growers, who fear further decline in prices.
The trend was partially mixed.
Sheet rubber was quoted weak at Rs 155 (156) a kg by traders. The grade dropped to Rs 156 (Rs 156.50) and Rs 153 (Rs 153.50) respectively, according to the Rubber Board and dealers.
December futures dropped to Rs 156 (Rs 156.68), January to Rs 157.72 (Rs 158.55), February to Rs 159.80 (Rs 161.08) and March to Rs 161 (Rs 162.43) on the National Multi Commodity Exchange.
RSS 3 (spot) improved marginally to Rs 155.73 (Rs 155.31) at Bangkok. November futures closed at ¥248.5 (Rs 154.97) from ¥249 on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg): RSS-4: 155 (156); RSS-5: 146 (147); Ungraded: 143 (144); ISNR 20: 148 (149) and Latex 60%: 106 (106).
India’s Rubber Prices on November 21, 2013
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Muzzafarnagar(UP) |
46.5 |
-7 |
9471 |
3225 |
3225 |
-11.4 |
|
Hazaribagh(Jha) |
5 |
-50 |
509 |
3500 |
3600 |
-12.5 |
|
Thaliparamba(Ker) |
4 |
33.33 |
1010.4 |
14250 |
14250 |
-17.39 |
|
Irity(Ker) |
4 |
NC |
1048 |
14250 |
14250 |
-18.57 |
|
Chaibasa(Jha) |
3.5 |
NC |
612 |
3200 |
3200 |
-15.79 |
|
Giridih(Jha) |
3.4 |
-45.16 |
367.4 |
3800 |
3500 |
-5 |
|
Irrikkur(Ker) |
3 |
NC |
735.2 |
14000 |
14500 |
-10.83 |
|
Sultan bathery(Ker) |
2.5 |
4.17 |
551.6 |
14500 |
14500 |
-9.38 |
|
Madhupur(Jha) |
2 |
100 |
115.6 |
3500 |
3500 |
-10.26 |
|
Sahebganj(Jha) |
1.8 |
NC |
105 |
3300 |
3300 |
– |
|
Pulpally(Ker) |
1 |
-50 |
511.8 |
16500 |
16500 |
NC |
|
Punalur(Ker) |
1 |
NC |
188 |
3200 |
3300 |
-13.51 |
|
Punalur(Ker) |
0.85 |
54.55 |
188 |
14300 |
14400 |
-12.27 |
|
Cherthalai(Ker) |
0.85 |
30.77 |
581.8 |
3150 |
3100 |
– |
Source: The Hindu Business Line
