Global natural rubber market has managed to
maintain the upward momentum, while the domestic market has dropped. As mentioned
earlier August will be the testing ground for future trend. Rubber based
industries - especially non-tyre sector is facing serious problems, due to advent
of cheap imported goods and higher input costs. On the other hand, tyre
industry is also facing crisis as offtake from the auto sector has scaled down
and in turn has slowed down the demand for natural rubber.
At Kottayam, RSS4 grade closed at `.184
a kg, while RSS3 grade closed with a positive note at `.163.69
a kg at Bangkok, Malaysian SMR20 closed at `.150.57 a kg. On the Tokyo Commodity Exchange, August
futures series closed at ¥251.5, September at ¥253.7, October at ¥255, November
at ¥256.1, December at ¥258 and the contract for delivery in January 2014
closed at ¥260.6 a kg, after touching a high of ¥263.7 and a low of ¥257.9 a
kg. While on the National Multi Commodity Exchange September futures were
trading at `.176.62 a kg, October at `.171.95, November at `.169.25
and December at `.169 a kg. at 4.30 pm IST.
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