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Persistent Decline in Spot Rubber

Date : December 21, 2012
Number of Views : 4013

Spot rubber loses continue-sly this week. deteriorating due to the absence of genuine consumers in domestic prospects and is keeping the commodity and the Indian cotton exporters > under tension.

The Key TOCOM rubber posterity also turned delicate as crude oil and global stocks fall after the talks to avoid a fiscal crisis in the US failed to materialize.

Sheet rubber surrendered to Rs 159.00 (Rs 161.00) a kg according to traders. The grade fell to Rs 160.00 (Rs 162.00) a kg both at Kottayam and Kochi as reported by the Rubber Board. The trend was partially mixed.The January series fell to Rs 158.40 (Rs 161.87), February to Rs 160.65 (Rs 164.23) and March to Rs 162.99 (Rs 166.91) a kg while the April, May and June series remained inactive on the National Multi Commodity Exchange (NMCE).
br> RSS 3 (spot) slipped to Rs 173.32 (Rs 173.82) a kg at Bangkok. The December futures expired at 267.5 (Rs 174.78) a kg while the January futures dropped to 268.1 (Rs 175.17) from 272.7 a kg during the day session but then finished unchanged in the night session on the Tokyo Commodity Exchange (TOCOM).

The spot rubber rates Rs/kg are: RSS-4: 159.00 (161.00); RSS-5: 153.00 (155.00); Ungraded: 147.00 (149.00); ISNR 20: 149.00 (150.00) and Latex 60%: 105.00 (105.00).

News Category: Agricultural Commodities
Rubber Processing Machinery
Natural and Synthetic Rubber, Rubber Compounds

News Type : Market News


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