KOTTAYAM, DEC. 5:
Physical rubber prices ended in red on Thursday. Selling from dealers and growers increased as prices were close to the next support level of Rs 150 and a fall below the above level might put further pressure on traders.
Since there were no quantity buyers to absorb the inflow, prices slipped amidst low volumes. The trend was mixed as latex improved a tad on better demand.
Sheet rubber weakened to Rs 150 from Rs 151 and Rs 152 a kg respectively, according to traders and the Rubber Board.
The grade dropped to Rs 147 (Rs 149), according to dealers.
In the futures market, the December contracts slipped to Rs 151.80 (Rs 151.90), January to Rs 153.35 (Rs 153.90), February to Rs 155.51 (Rs 156.34) and March to Rs 160 (Rs 160.65) while April contracts were inactive on the National Multi Commodity Exchange.
December futures closed at ¥265.5 (Rs 160.48) on the Tokyo Commodity Exchange.
Spot rubber rates/kg were: RSS-4: 150 (151); RSS-5: 140 (142); Ungraded: 137 (138); ISNR 20: 143.50 (144) and Latex 60%: 107.50 (107).
India’s Rubber Prices on December 5, 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) |
648.2 |
72.99 |
58808.8 |
2975 |
2973 |
-14.76 |
|
Udaipura(Raj) |
47 |
11.9 |
15206.4 |
3125 |
3125 |
-13.91 |
|
Muzzafarnagar(UP) |
27.5 |
-3.51 |
10050 |
3200 |
3200 |
-12.33 |
|
Cherthalai(Ker) |
6.5 |
900 |
600.4 |
3150 |
3100 |
– |
|
Chaibasa(Jha) |
4 |
14.29 |
658 |
3200 |
3200 |
-15.79 |
|
Sultan bathery(Ker) |
0.8 |
-55.56 |
576.8 |
13700 |
13900 |
-15.95 |
|
Manathavady(Ker) |
0.6 |
-85 |
66.8 |
13300 |
14000 |
-19.88 |
Source: The Hindu
