Relflex Elastomers, the synthetic rubber
business unit of Reliance Industries Ltd. inaugurated a customer support centre
(ECSC) at its petrochemicals complex in Vadodara in Gujarat. Relflex ECSC would
serve as a springboard for mutual collaborative efforts, value additions and
joint product development between Relflex Elastomers and its customers. Reliance
Elastomer supplies Polybutadiene Rubber (PBR) to tyre as well non-tyre
industry.
The domestic natural rubber prices dropped to
their lowest level in more than four years, following drop in overseas prices
and on sluggish demand. Lower prices would bring down raw material costs for
tyre makers, thereby boosting their profitability. The spot price of the most traded
RSS-4 rubber at the Kottayam market dropped to `.140 per kg, the
lowest level since 20th February 2010. RSS3 grade closed at `.128.88
a kg at Bangkok and Malaysian SMR20 closed at `.104.70 a kg. On
Tokyo Commodity Exchange, April 2014 futures series closed at ¥201.7 a kg, May
at ¥201, June at ¥201.7, July at ¥201.3, August at ¥201.4 and the contract for
delivery in September 2014 closed at ¥201.4 a kg. On National Multi Commodity
Exchange, April 2014 futures were trading at `.138.15 a kg, May at `.138.09,
June at `.140.51, July at `.140.76, August at `.148.60,
September at `.150.60 and October at `.152.60 a kg. Rubber
Mini contract for May 2014 at `.139.25 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
Read
lot more in Rubber4U – 1st May 2014 issue
No comments:
Post a Comment