First time in eight months the domestic natural
rubber prices has gone below the international prices. Local prices were trading
higher by `.8-15 per kg compared to global prices during the past
eight months. Due to this scenario, natural rubber imports have been at the
highest level during the past six months. During April-October 2012 period
130,966 tonnes were imported, compared to 99,760 tonnes during April-October
2011.
If the Tuesday’s scenario continues imports
are expected to decrease from January 2013. On Tuesday, Kuala Lumpur market closed
at
`.
154.33 a kg for SMR-20, while the RSS-4 grade rubber in Kottayam closed
at
`.
161 a kg. On TOCOM rubber futures were trading in negative, as of Wednesday
night session, December series is trading at ¥248.9 a kg, January at ¥248.8,
February at ¥253, March at ¥255.6, April at ¥257.7 and May at ¥261.1 a kg.
Natural rubber import by China is likely to
be lower this year, due to which the global markets will have excess supply and
will be in a bearish mode for few more weeks, as demand is sluggish across the
world.
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