Wednesday, April 4, 2018

Don’t expect much, its very shaky


Receding trade war fears after reports of possible trade negotiations between the US and China and government's announcement of lower-than-expected borrowing programme for the first half of the fiscal year 2019 have helped markets close higher during the week ended. 

The Monetary Policy Committee of the Reserve Bank of India will announce its resolution under the First Bi-monthly Monetary Policy Statement for 2018-19 and is expected to keep rates unchanged for the rest of this year at its 5th April 2018 meeting but shift to a hawkish stance by the end of this year and increase in interest rates is not ruled out as inflation pressures build up.

The benchmark RSS4 grade rubber closed at `.123 a kg at Kottayam, while RSS3 grade closed at `.111.29 a kg at Bangkok and Malaysian SMR20 closed at `.88.86 a kg. On National Multi Commodity Exchange April 2018, the futures closed at `.119.67 a kg, May at `.122.23 a kg, June at `.125.01.54 a kg, July at `.128.18 a kg and August 2018 closed at `.125.60 a kg. Tokyo Commodity Exchange April 2018 futures series closed at ¥170.6 a kg, May at ¥172.7, June at ¥178.1, July at ¥180.1, August at ¥179.8 and the contract for delivery in September closed at ¥179.6 a kg. On Thursday, most probably Tocom futures contract for delivery in September 2018 may trade in the range of ¥174 & ¥180 a kg.

To read Rubber4U – 1st April 2018 issue: http://rubber4u.com/Public/Abcd.pdf
For 2017-18 Rubber Forecast: http://rubber4u.com/Public/RForecast.pdf

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