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

No comments:

Post a Comment