International natural rubber prices once gain
dropped below `.120 at Bangkok market, which (RSS3 grade) closed at `.119.72
a kg. While Malaysian SMR20 closed at `.100.71 a kg. SMR -20
almost equivalent to domestic RSS4 grade in quality is being imported to India
on a large scale as the price is attractive. In June 2014, India's natural
rubber imports increased 41.5% to 32,550 tonnes, due to global price advantage.
With high inventory and slack demand, investor’s
sentiment is pretty bearish. The rubber stocks in China's bonded warehouses
Qingdao have slipped to a five-month low, due to low demand for the commodity
as loan collateral, the country still has nearly 150,000 tonnes of rubber in
Shanghai.
Today the benchmark RSS4 grade rubber closed
at `.143 a kg at Kottayam, while RSS3 grade closed at `.119.72
a kg at Bangkok and Malaysian SMR20 closed at `.100.71 a kg. On
National Multi Commodity Exchange July 2014 closed at `.142
a kg, August at `.142.90, September at `.142, October at `.141.70,
November at `.143.75 and December at `.145.80 a kg. On
Tokyo Commodity Exchange, July 2014 futures series closed at ¥192.5 a kg,
August at ¥195.6, September at ¥197.9, October at ¥199.9, November at ¥202.1
and the contract for delivery in December 2014 closed at ¥204 a kg.
What our readers say: http://rubber4u.com/Public/Views.pdf
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