KOTTAYAM, JAN.9:
Spot rubber declined further on Thursday. The market opened steady but lost ground on late trades following reports from domestic and international trendsetters. The absence of buyers, in the local markets kept the sentiments, under pressure, during closing hours. Meanwhile, latex (60%) shed the overall gains partially on buyer resistance after improving continuously for the past couple of sessions.
Sheet rubber dropped to Rs 156.50 from Rs 157 and Rs 158 a kg respectively, according to the Rubber Board. The grade quoted weak at Rs 153.50 (Rs 155).
January futures concluded the session at Rs 156 (Rs 155.46), February at Rs 158.49 (Rs 158.04), March at Rs 161 (Rs 160.51), April at Rs 164.50 (Rs 164.56) and May at Rs 167 (Rs 165.64) for RSS 4 while June futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) declined to Rs 147.62 (Rs 149.02) at Bangkok. January futures closed at ¥265.5 (Rs 157.12) on the Tokyo Commodity Exchange. Spot rubber rates Rs/kg: RSS-4: 156.50 (157); RSS-5: 148 (149); Ungraded: 144 (145); ISNR 20: 155 (156) and Latex 60%: 133 (135.50).
India’s Rubber Prices on January 9, 2014
Arrivals in tonnes;prices in Rs/quintal in domestic market.
|
|
Arrivals |
Price |
||||
|
|
Current |
% |
Season |
Modal |
Prev. |
Prev.Yr |
|
change |
cumulative |
Modal |
%change |
|||
|
Rubber |
||||||
|
Sultan bathery(Ker) |
2.8 |
21.74 |
44.2 |
14700 |
14700 |
-4.55 |
|
Parakkodu(Ker) |
1.5 |
NC |
9.2 |
15200 |
15400 |
-3.18 |
|
Pulpally(Ker) |
1 |
-75 |
16 |
15500 |
16500 |
-3.13 |
|
Punalur(Ker) |
0.7 |
NC |
8.3 |
14800 |
14800 |
-4.52 |
Source: The Hindu
