Friday, August 8, 2014

NR prices drops to 4-1/2 year low





Today, natural rubber prices dropped to their lowest level since 12th February 2010. Demand for natural rubber is robust but higher imports are putting pressure on domestic prices. Natural rubber imports in July rose 14.8% to 36,997 tonnes, compared to July 2013. Lower prices would bring down material costs for tyre manufacturers, which in turn will boost their profitability. 

The benchmark RSS4 grade rubber closed at `.135.50 a kg at Kottayam, while RSS3 grade closed at `.119.58 a kg at Bangkok and Malaysian SMR20 closed at `.103.54 a kg. On National Multi Commodity Exchange August 2014 futures closed at `.133.94 a kg, September at `.134.06, October at `.133.07 and November at `.133.32 a kg. On Tokyo Commodity Exchange, August 2014 futures series closed at ¥191.2 a kg, September at ¥194.7, October at ¥196.4, November at ¥199.7, December at ¥202.7 and the contract for delivery in January 2015 closed at ¥204.8 a kg.

For 2014-15 Rubber Forecast, Read 15th August 2014 issue

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