Has the market recovered for a fall?

Further softening in natural rubber prices which fell to `.138 per kg on 22nd April, from the `.163.50 a kg on 1st January 2014. Weak international rubber prices along with high imports and muted off take in domestic markets have been the reasons behind the fall in rubber prices. Physical rubber prices improved on Monday. The market gained strength mainly on covering purchases as sellers stayed away expecting a short term recovery in the commodity.

Today, the benchmark RSS4 grade rubber closed at `.139.50 a kg at Kottayam. RSS3 grade closed at `.127.11 a kg at Bangkok and Malaysian SMR20 closed at `.104.39 a kg. On Tokyo Commodity Exchange, May 2014 futures series closed at ¥204.3 a kg, June at ¥208, July at ¥207.6, August at ¥208.2, September at ¥207.4, and the contract for delivery in October 2014 closed at ¥206.3 a kg. On National Multi Commodity Exchange, May 2014 futures closed at `.142.16 a kg, June at `.145.01, July at `.145.87 and August at `.143.73 a kg. Rubber Mini contract for May 2014 closed at `.140.80 and June at `.143.77 a kg.

What our readers say: http://rubber4u.com/Public/Views.pdf

Read lot more in Rubber4U – 1st May 2014 issue