KOTTAYAM, NOV.26:
Spot rubber declined on Tuesday on moderate selling by dealers and growers. The absence of quantity buyers continued to cast shadows on local trading houses. The overall sentiment was led by the sustained weakness in the domestic futures market and uncertainty prevailing in the cash, commodity and stock markets.
“We expect sheet rubber to fall below Rs 150 a kg,” an observer said. Volumes were dull.
Sheet rubber dived to Rs 151 (Rs 153) per kg, according to traders. The grade dropped to Rs 152 (Rs 153.50) and Rs 149 (Rs 150.50) respectively, as reported by the Rubber Board and dealers. The trend was partially mixed.
December futures moved down to Rs 151.64 (Rs 152.53), January to Rs 153.39 (Rs 154.24) and February to Rs 156.25 (Rs 157.13) while the March and April futures were inactive on the National Multi Commodity Exchange.
RSS 3 (spot) closed weak at Rs 155.48 (Rs 157.17) at Bangkok. December futures closed ¥ 253.4 (Rs 156.07) from ¥ 253.9 on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 151 (153); RSS-5: 142 (143.50); Ungraded: 138 (139); ISNR 20: 145 (146.50) and Latex 60%: 105 (105).
India’s Rubber Prices on November 26, 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) |
305 |
30400 |
15173.8 |
3350 |
3350 |
-11.84 |
|
Ajmer (Grain)(Raj) |
112 |
60 |
9238.8 |
3155 |
3150 |
-15.87 |
|
Muzzafarnagar(UP) |
48 |
-8.57 |
9672 |
3200 |
3200 |
-12.09 |
|
Jaipur(Grain)(Chandpole)(Raj) |
30 |
-60 |
2308 |
3150 |
3200 |
-17.75 |
|
Hapur(UP) |
20 |
-20 |
380 |
3250 |
3150 |
– |
|
Giridih(Jha) |
6.3 |
85.29 |
380 |
3800 |
3800 |
-5 |
|
Vadakkenchery(Ker) |
5.3 |
17.78 |
41.6 |
15300 |
15750 |
– |
|
Chaibasa(Jha) |
4 |
NC |
636 |
3200 |
3200 |
-15.79 |
|
Sultan bathery(Ker) |
1 |
-44.44 |
561.2 |
13600 |
14100 |
-16.05 |
|
Pulpally(Ker) |
1 |
-50 |
521.8 |
16500 |
16200 |
NC |
|
Cherthalai(Ker) |
0.65 |
-23.53 |
584.8 |
3100 |
3150 |
– |
Source: The Hindu
