Tuesday, May 31, 2011

Tuesday, May 10, 2011

Domestic NR price above the international price

According to the experts, the recent fall of rubber prices in the international markets are expected to pick up at least by the end of May. The reason for the dip in prices has been the falling rubber prices in the global market, especially those supplied by Thailand.

Today, price of natural rubber (RSS-4 grade) in the domestic market closed at Rs 232 a kg compared to yesterdays Rs. 230 a kg. As the global market had shown signs of correction, RSS3 grade price at Bangkok closed at 228.75 a kg.

Read lot more in Rubber4U – 15th May 2011 issue

Monday, May 9, 2011

During the week rubber likely to trade between Rs. 232 & Rs. 221 a kg.

Rubber declined after the China's manufacturing index fell more than economists forecasted. Lack of demand especially from China due to its high level of rubber inventory is likely to drag prices down during the week. Rising supply from major rubber producing countries could also put pressure on prices.

The unusual rainfall in Kerala has brought in a slight correction in prices as rubber production has gathered momentum as higher rubber prices forced growers to re-start tapping well in advance of monsoon. It is expected that rubber prices to decline further in the coming days and will be trading between Rs. 232 to Rs. 221 a kg, as tapping will continue till end of May.

Read lot more in Rubber4U – 15th May 2011 issue

Thursday, May 5, 2011

NR in the mode of correction

The natural rubber price is now in a correction mode due to increased production. Both, the domestic and international prices of the commodity have fallen during the week due to fresh developments in production and supply of the natural rubber. The unusual rainfall in Kerala has brought in a slight correction in prices as tapping has gathered momentum. Today, price of natural rubber (RSS-4 grade) fell by Rs 3 a kg to Rs. 230 a kg, as compared to yesterdays Rs. 233 a kg.

As the global market had shown signs of correction, it is expected that there will be sharp increase in China’s import.

Read lot more in Rubber4U – 15th May 2011 issue