Monday, September 14, 2020
Monday, August 31, 2020
Friday, August 14, 2020
Wednesday, August 5, 2020
Current trend expected to stay
The Covid-19 pandemic still seems far from peaking out, as the number of
cases continued to rise across the world. While market seems to be in a consolidation mode with
the momentum slowing down in the last couple of days. This trend is expected to
stay such since the Covid-19 uncertainties continue.
OPEC is planning on reversing some of the output
cuts initiated earlier this year heading into August, and any impact of this on
crude prices will be another factor to watch. The Reserve Bank of India is
likely to leave the repo rate unchanged in the forthcoming money policy due on
6th August 2020.
The sales percentage has increased in the midst of the Covid-19 pandemic
as customers prefer personal mobility over public transport. July auto sales
numbers showed a solid bounce back. Top industry players seem to be leading the
sector’s crawl back to normalcy amid an easing coronavirus lockdown. More than 250 companies will announce their financial
results next week for the quarter ended 30th June 2020.
The
benchmark RSS4 grade rubber closed at `.132.50 a kg
at Kottayam, while RSS3 grade closed at `.121.42 a kg
at Bangkok and Malaysian SMR20 closed at `.93.95 a kg.
On ICEX August 2020 futures closed at `.133.94 a
kg, September at `.131.00, October at `.134.37, November
at `.135.71, December at `.137.07 and January
2021 closed at `.138.43 a kg.
To read
Rubber4U – 15th August 2020
issue: https://rubber4u.com/Public/Abcd.pdf
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