Financial markets have wrestled for several days with fears that a new recession in the US is in the offing. Today stock markets plummeted amid signs of a possible recession and worries over the health of Europe's banks. WTI Crude Oil price were trading at $80.39 and Brent Crude Oil at $106.08 a barrel at IST 4.10 p.m. According to a survey manufacturing in the mid-Atlantic region contracted in August by the most in more than two years.
The price of RSS3 grade natural rubber in the international market at Bangkok today closed at Rs 211.07 per kg., SMR-20 closed at 205.54 a kg at Kuala Lumpur and on the other hand domestic RSS4 grade closed at Rs.198.50 a kg at Kottayam.
The future markets both domestic and international also have been down, which have further affected the domestic spot prices. At the National Multi Commodity Exchange (NMCE), rubber future prices for September delivery closed at Rs 199.11 per kg. At Tokyo Commodity Exchange futures prices for September delivery closed at 348 yen/kg.
Read lot more in Rubber4U – 1st September 2011 issue
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