Rubber Daily Price Kerala 15/02/2018
Rubber RSS4 Kottayam: 124.00
Rubber RSS5: 121.00
Rubber Loose: 116.00
Rubber Lot: 110.00 – 113.00
Rubber scrap: 80.00
Rubber Latex: 85.00
Field Latex: 120
Rubber ISNR 20: 109.00
Rubber Market Reports:-
Spot rubber endsflat
• Spot rubber finished flat on Thursday. RSS-4 continued to rule steady at Rs.124 a kg, according to traders and the Rubber Board.
• The grade closed unchanged at Rs.121 as reported by the dealers.
• February futures concluded at Rs.122.50 (122.46), March at Rs.125 (126.04), April at Rs.128.10 (128.85) and May at Rs.130.20 (130.69) on the NMCE.
• RSS-3 (spot) dropped to Rs.107.78 (108.26) at Bangkok. Its February futures weakened to Rs.104.52 (105.36) on the TOCOM.
• Spot rubber rates (Rs./kg): RSS-4: 124 (124); RSS-5: 121 (121); ISNR 20: 109 (109) and Latex (60% drc): 87 (87).
Price declinedrives pepper sellers away
• Persistent decline in prices has driven the sellers, especially in the High Ranges, away from the market on Thursday. They said they are not ready to part with their produce at the current prices.
• Meanwhile, buyers are also keeping away anticipating a further fall in prices.
• In the world market, Indian pepper is totally out priced and the only solace is in the domestic demand, which is slack due to flooding of the upcountry consuming centers with imported cheap material, market sources told Business Line.
• As a result, arrivals narrowed down to 11 tonnes today and of this three tonnes of purely local pepper were traded at Rs.377 a kg, while eight tonnes of High Range pepper went for Rs.390.
• Spot pepper fell further by Rs.300 a quintal to Rs.38,600 (ungarbled) and Rs.40,600 (garbled).
• Export prices were at $6,775 a tonne c&f for Europe and $7,025 for the US.
TOCOM bounces backfrom 8-mth low on higher commodities prices
• Benchmark Tokyo rubber futures rose on Thursday, bouncing back from near 8-month lows hit the previous session, on the back of higher oil and metals prices, but trades were thin as China began a week-long Lunar New Year holiday.
• Oil prices rose by around 1 percent on Thursday to extend gains from the previous session, lifted by a weak dollar and Saudi comments that it would rather see an under supplied market than end a deal with OPEC and Russia to withhold production. London copper prices on Thursday rose for a fourth session to their highest in 10 days, supported by a decline in the dollar and robust prospects for global growth. The Tokyo Commodity Exchange (TOCOM) rubber contract for July delivery finished 1.7 yen higher at 186.0 yen ($1.75) per kg. It hit the lowest since June 21 of 184.1 yen the previous day.
• “Higher commodities prices offset pressure from a higher yen,” said Jiong Gu, an analyst at Yutaka Shoji Co.
• The dollar extended its losses against the yen and hit a new 15-month low on Thursday, with market participants bracing for further near-term weakness in the U.S. currency. A stronger yen makes yen-denominated assets less affordable when purchased in other currencies.