India Rubber: Settles higher on ICEX on spot
market cues; TOCOM shut
By
Rahul Dhuri
MUMBAI –
Futures contracts of rubber on Indian Commodity Exchange rose today, taking
cues from spot markets of Kerala, traders said. The most active November
contract ended at 11,890 rupees per 100 kg, up 0.7% from Friday.
Prices
of natural rubber rose in Kerala today due to demand from domestic stockists
following a recent fall, said Thaha Mohamed, owner of the
Kottayam-based Sara Traders.
The
widely-traded RSS-4 variety was sold at 117-118 rupees per kg, up
1-2 rupees from the previous close, traders said.
Rubber Board
data showed it was sold at 120.00 rupees per kg in Kottayam, up 0.50
rupee from the previous level. In Kochi, the price was largely unchanged
at 119.50 rupees per kg.
Expectations
of a rise in arrivals due to a pick-up in tapping activity limited the rise in
prices, said Raju Varghese, owner of the Kottayam-based Polachirayil
Traders.
Lack
of fresh cues from benchmark contracts on Tokyo Commodity Exchange capped gains
on the domestic bourse, analysts said. Prices of rubber on TOCOM were
unavailable today as the exchange was shut on account of a public
holiday. The bourse will resume trade on Tuesday.
The
following table shows today’s closing prices of rubber, in rupees per kg, as
detailed by the Rubber Board, and the change in prices, in rupees, compared
with the previous close:
KOTTAYAM
KOCHI
GRADE
PRICE
CHANGE
PRICE
CHANGE
RSS-4
120.00
0.50
119.50
Unch
RSS-5
117.00
Unch
117.00
Unch
ISNR-20
105.50
0.50
NA
NA
Latex
102.50
(-)1.05
NA
NA
OUTLOOK
In the coming days, sharp
gains are unlikely in prices of natural rubber as tepid demand from tyre
makers and a rise in arrivals may offset gains due to renewed demand from
domestic stockists, traders said.
ഓഹരി വിപണിയില് വന് കുതിപ്പ്;
സെന്സെക്സ് 1900 കടന്നു; രൂപയ്ക്കും മുന്നേറ്റം
യു.എസ് ഡോളറുമായുള്ള
വിനിമയത്തില് രൂപ 66 പൈസ നേട്ടമുണ്ടാക്കി.
ഡോളറിന് 70.68 രൂപ എന്ന
നിരക്കിലാണ് വിനിമയം.
FROM MANGALAM
മുംബൈ: ആഴ്ചകള് നീണ്ട ചാഞ്ചാട്ടത്തിനു
ശേഷം ഓഹരി വിപണിയില്
വന് കുതിപ്പ്. വെള്ളിയാഴ്ച
രാവിലെ വ്യാപാരം ആരംഭിച്ചപ്പോള് മുതല്
മുന്നേറ്റം പ്രകടമാക്കിയ സെന്സെക്സ് 12 മണിയോടെ 1837.52 പോയിന്റ് ഉയര്ന്ന് 37,913.34ല്
എത്തി. വൈകാതെ 1904.06 (5.28%) പോയിന്റ് ഉയര്ന്ന് 37,997.53ല്
എത്തി. നിഫ്റ്റി 362.95 പോയിന്റ് ഇയര്ന്ന് (3.39%) 11,067.75ലുമെത്തി.
യു.എസ് ഡോളറുമായുള്ള
വിനിമയത്തില് രൂപ 66 പൈസ നേട്ടമുണ്ടാക്കി.
ഡോളറിന് 70.68 രൂപ എന്ന
നിരക്കിലാണ് വിനിമയം.
Natural rubber declines on muted demand and low global
prices
Kochi: Plummeting global prices and muted demand from tyre
makers are driving down the price of natural rubber in India.
The price of RSS-4 variety, used for making tyres, has
dropped 7 per cent in a month to Rs 140 per kg. Its equivalent in the global
market has become nearly 12 per cent cheaper at Rs 107.78 per kg over the same
period.
Experts say domestic prices could fall further in the coming
weeks. The September contract for delivery at Indian Commodity Exchange (ICX)
hovered around Rs 135 per kg on Monday.
“There is downward pressure on the price,” said Anu Pai,
research analyst, Geojit Commodities.
India Rubber: Ends higher on ICEX, tracking spot market,
TOCOM cues
By Rahul Dhuri
MUMBAI – Natural rubber contracts rose on the Indian
Commodity Exchange, tracking gains in key spot markets of Kerala and due to a
rise in benchmark contracts on the Tokyo Commodity Exchange, analysts said.
The most-active August contract on the domestic bourse ended
at 14,475 rupees per 100 kg, up 0.2% from Tuesday.
Prices of natural rubber in Kerala’s key spot markets rose
due to an ongoing supply crunch in the market amid rising demand from domestic
stockists, traders said.
“Production is likely to take a hit due to sharp fall
in yield if the monsoon does not pick up,” said a senior official at The
United Planters’ Association of Southern India.
India Rubber: Up on ICEX on low supply, demand from tyre
By Rahul Dhuri
MUMBAI – Rubber contracts on the Indian Commodity Exchange
ended marginally up today due to supply crunch in the market amid rising demand
from tyre makers, traders said. The most-active July contract ended at 15,038
rupees per 100 kg, up 0.2% from Thursday.
Expectation of fall in rubber imports also supported the
contracts. According to Rubber Board data, natural rubber imports in 2019-20
(Apr-Mar) are seen falling 14% to 500,000 tn.
However, fall in prices of natural rubber in key spot
markets of Kerala and weakness in benchmark contracts on Tokyo Commodity
Exchange capped gains in contracts on ICEX, analysts said.
India natural rubber production sees signs of revival
Last year’s devastating floods followed by emerging drought
conditions in Kerala had hit the cultivation worst in the last fiscal.New
Delhi: After facing months of negative phase, the local rubber production in
India is about to witness a hike of about 4 per cent due to increase in farming
area, says Rubber Board of India. Natural rubber is one of the main raw
materials for tyres.
The Rubber Board has projected a 10 per cent increase in
natural rubber production at 750,000 tonne in FY’20 over 648,000 tonne in the
last fiscal.
In a recent board meeting, KN Raghavan, Chairman and
Executive Director, Rubber Board said that the rubber farming area has gone up
from 640,000 hectares in FY’ 19 to 665,000 hect…
