Rubber Daily Price Kerala 09/05/2018
Rubber RSS4 Kottayam: 121.00
Rubber RSS5: 119.00
Rubber Loose: 116.00
Rubber Lot: 110.00 – 113.00
Rubber scrap: 85.00
Rubber Latex: 82.00
Field Latex: 112.00
Rubber ISNR 20: 115.00
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Market Reports:
Mixed trend in spot rubber
• Spot rubber prices were in a mixed mood on Tuesday. RSS 4 finished flat at Rs.121 a kg, according to traders and the Rubber Board.
• But ISNR 20 and Latex improved further on enquires from certain major consuming industries during late trading hours.
• RSS 3 (spot) inched up to Rs.117.84 (117.75) at Bangkok.
• Spot rubber rates (Rs./kg) were: RSS-4: 121 (121); RSS-5: 119 (119); ISNR 20: 115 (114) and Latex (60% drc): 85.50 (84.50).
TOCOM falls after hitting 1½-month high
• Benchmark Tokyo rubber futures ended lower on Tuesday, pulling back from a 1½-month high hit earlier in the session, on weak fundamentals and a decline in oil prices as investors waited to see whether the U.S. would re-impose sanctions on Iran.
• China s natural and synthetic rubber imports totalled 428,000 tonnes in April, down 26.2% from a year earlier, China s preliminary trade data showed on Tuesday.
• “Seasonally speaking, this is not the time of peak demand, and therefore the supply/demand is not tight,” said a Japanese trading source.
• The Tokyo Commodity Exchange rubber contract for October delivery finished 1.8 yen lower at 191.7 yen (US$1.76) per kg, after touching 195 yen earlier, the highest since March 16.
• The most-active rubber contract on the Shanghai futures exchange for September delivery rose 30 yuan to finish at 11,735 yuan (US$1,845) per tonne.
• The front-month rubber contract on Singapore s SICOM exchange for June delivery last traded at 143 US cents per kg, down 1.1 cent.
