Tokyo rubber futures currently trading at low
level of ¥203 a kg. for 14th August session, on concerns about weakening
demand for the commodity. China's factory output growth slowed unexpectedly
last month to its weakest in more than three years and demand for automobiles
slowed further in July from the previous two months. Supply in Thailand has
been picking up smoothly in the last couple of months since farmers resumed
tapping after the end of dry season, another factor putting a downward pressure
on prices.
According to reports, the investors in Europe
have restricted their investment activities over riskier assets on the rising
worries over Euro zone crisis. Today, RSS4 grade rubber prices declined to `.172.50
per kg at Kottayam. In the domestic futures market, the August series is currently
trading at `.172.95, September at `.164.10, November at `.161.99
and December at `.163.80 a kg on the National Multi Commodity Exchange. On
TOCOM rubber futures, August series closed at ¥206 per kg, September at ¥206.7,
December at ¥212.5 and January 2013 at ¥213.9 per kg.
Read
lot more in Rubber4U – 15th August 2012 issue
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