Tuesday, September 19, 2017

Anti-dumping duty on import of bus, truck tyres

The Government of India has imposed anti-dumping duty on import from China for five years on certain type of radial tyres used in buses, trucks to protect domestic manufacturers. The anti-dumping duty has been imposed in the range of $245.35 -$ 452.33 per tonne, said a notification issued by the Central Board Excise and Customs (CBEC). For more detail visit: www.rubber4u.com / Under Statistic – Notice.

The benchmark RSS4 grade rubber closed at `.134 a kg at Kottayam, while RSS3 grade closed at `.116.34 a kg at Bangkok and Malaysian SMR20 closed at `.98.94 a kg. On National Multi Commodity Exchange October 2017, the futures closed at `.133.65 a kg, November at `.133.51 a kg, December at `.134.54 a kg and January 2018 closed at `.134.36 a kg. Tokyo Commodity Exchange September 2017 futures series closed at ¥208.8 a kg, October at ¥211.2, November at ¥210.9, December at ¥210.8, January 2018 at ¥212.4 and the contract for delivery in February closed at ¥213.4 a kg. On Wednesday, most probably Tocom futures contract for delivery in January 2018 may trade in the positive range of ¥208 & ¥214 a kg.

To read Rubber4U – 1st October 2017 issue: http://rubber4u.com/Public/Abcd.pdf

For 2017-18 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf