Kottayam: The physical rubber prices experienced heavy losses on Sept 26. RSS 4 plunged to Rs 125 from Rs 130 a kg as more dealers and growers joined the sellers queue even in an unhealthy market which lacked genuine consumer support. The grade fell to Rs 130.24 (130.71) a kg at Bangkok spot. Spot rates (Rs a kg) were: RSS-4: 125 (130); RSS-5:123 (127.50); ungraded: 120 (126); ISNR 20: 120.50(123); and Latex 60 per cent: 77 (77).
Showing posts with label Physical rubber. Show all posts
Showing posts with label Physical rubber. Show all posts
Saturday, September 27, 2008
Monday, August 18, 2008
Rubber Prices Sees Weak Trend - Aug 18 , 2008
Kottayam: Physical rubber prices displayed a weak trend on Aug 16. RSS 4 fell to Rs 139 from Rs 140 a kg on purchaser resistance while most of the grades registered moderate losses during the weekend session. Spot prices were (Rs/kg): RSS-4: 139 (140); RSS-5: 136 (136.50); ungraded: 130 (130); ISNR 20: 133 (134) and latex 60 per cent: 83 (85).
Monday, August 4, 2008
Rubber Price Falls On Global Cues - Aug 04 , 2008
Kottayam: Physical rubber prices declined into a corrective phase on Aug 2. The trading centres saw moderate selling pressure from dealers mainly as the international prices ruled much below the domestic rates. Sheet rubber declined to Rs 138.50 from Rs 141 a kg while the market made all-round declines on purchaser resistance. Spot prices were (Rs/kg): RSS-4: 138.50 (141); RSS-5: 137 (138.50); ungraded: 133 (134); ISNR 20: 136 (137) and latex 60 per cent: 89.00 (89).
Friday, May 30, 2008
Rubber Prices Continued To Rule Weak
Kottayam: The rubber prices continued to rule weak on Thursday. Declines in international futures hammered the domestic sentiments and RSS 4 slipped to Rs 129.50 from to Rs 130 a kg on Wednesday.
The market made all-round declines mainly on buyer resistance. In fact the firm Bangkok rates failed to catalyse the domestic mood. Most of the traders preferred to sideline the market letting the rates to recover after the steep fall.
Low volumes
There was no panic selling from the producing sector as expected and hence the volumes were low. Major consuming industries were totally inactive during the session.
Spot prices were (Rs/kg): RSS-4: 129.50 (130); RSS-5: 124.50 (125); ungraded: 119.50 (120); ISNR 20: 120.50 (121) and latex 60 per cent: 82 (82).
The market made all-round declines mainly on buyer resistance. In fact the firm Bangkok rates failed to catalyse the domestic mood. Most of the traders preferred to sideline the market letting the rates to recover after the steep fall.
Low volumes
There was no panic selling from the producing sector as expected and hence the volumes were low. Major consuming industries were totally inactive during the session.
Spot prices were (Rs/kg): RSS-4: 129.50 (130); RSS-5: 124.50 (125); ungraded: 119.50 (120); ISNR 20: 120.50 (121) and latex 60 per cent: 82 (82).
Friday, January 18, 2008
Spot Rubber Stays Steady
Kottayam: Physical rubber prices were static on Thursday. The market activities were in a slow pace though major consuming sectors were reported to be active in the main marketing centres. RSS 4 closed flat at Rs 94.75 a kg at Kottayam while the grade improved by 50 paise to the same level at Kochi. The transactions were low. RSS 3 improved at its February futures to 279.8 Yen (Rs 102.63) from 278.4 Yen a kg at TOCOM. The grade slipped to Rs 103.79 against Rs 103.83 a kg at Bangkok.
Futures firm
The February futures on NMCE firmed up to Rs 96.40 (95.69), March to Rs 98.64 (97.89), April to Rs 100.50 (99.96) and May futures to Rs 102.50 (101.94) a kg for RSS 4. The volumes totalled 922 (917) tonnes. The open interest stood at 8,266 (8,261) tonnes with 4,410 (4,503) tonnes in February, 2,908 (2,859) tonnes in March, 904 (873) tonnes in April and 44 (26) tonnes in May.
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Spot prices were (Rs/kg): RSS-4: 94.75 (94.75); RSS-5: 92 (92); ungraded: 90 (90); ISNR 20: 91.50 (91.50) and latex 60 per cent: 60 (60).
Futures firm
The February futures on NMCE firmed up to Rs 96.40 (95.69), March to Rs 98.64 (97.89), April to Rs 100.50 (99.96) and May futures to Rs 102.50 (101.94) a kg for RSS 4. The volumes totalled 922 (917) tonnes. The open interest stood at 8,266 (8,261) tonnes with 4,410 (4,503) tonnes in February, 2,908 (2,859) tonnes in March, 904 (873) tonnes in April and 44 (26) tonnes in May.
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Spot prices were (Rs/kg): RSS-4: 94.75 (94.75); RSS-5: 92 (92); ungraded: 90 (90); ISNR 20: 91.50 (91.50) and latex 60 per cent: 60 (60).
Saturday, January 12, 2008
Trading On Energy Exchange Help Realise Price Discovery
Hyderabad: The Indian Energy Exchange (IEX), the first exclusive bourse to trade energy that is expected to commence operations in a few months, has discounted fears that trading of the precious commodity on the bourse could make it costlier. It, in fact, would help in realising better price discovery, while marrying the short demands and short surpluses, according to Joseph Massey, Director of IEX.
Financial Technologies (India) Ltd, which promotes the Multi Commodities Exchange, holds 46 per cent in IEX. While PTC India owns 26 per cent, Tata Power, Reliance Energy and Lanco hold five per cent each.
“Learning from our commodities experience, I would say that an electronic platform seemingly integrates the existing fragmented spot markets, making India as one energy market,” he told Business Line over phone from Mumbai. In this process, it would bring in the advantages of transparency, counterparty guarantee, and anonymity resulting in better price discovery, he explained.
“The exchange derived energy prices through the transparent process would soon become far superior to the existing mechanism in energy trading. Therefore, the apprehension of price hike due to trading on a power exchange is unjustified,” Joseph Massey said. Apart from other benefits, the exchange would ensure the energy generators to focus on generation while not bothering about the trading part.
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It would offer a level-playing field for sellers and buyers as it ensures anonymous trading. The Central Electric Regulatory Commission (CERC) would act as a regulator for the exchange.
“We are making efforts to make it functional in the next few months. We are also familiarizing the exchange operations to various stakeholders,” he said.
When asked about the concerns with regard to distribution, he said the exchange expected that large per cent age of trades would be intra-regional.
The fact that there was no congestion in the intra-regional transmission network would make the IEX trade seamlessly deliverable.
Financial Technologies (India) Ltd, which promotes the Multi Commodities Exchange, holds 46 per cent in IEX. While PTC India owns 26 per cent, Tata Power, Reliance Energy and Lanco hold five per cent each.
“Learning from our commodities experience, I would say that an electronic platform seemingly integrates the existing fragmented spot markets, making India as one energy market,” he told Business Line over phone from Mumbai. In this process, it would bring in the advantages of transparency, counterparty guarantee, and anonymity resulting in better price discovery, he explained.
“The exchange derived energy prices through the transparent process would soon become far superior to the existing mechanism in energy trading. Therefore, the apprehension of price hike due to trading on a power exchange is unjustified,” Joseph Massey said. Apart from other benefits, the exchange would ensure the energy generators to focus on generation while not bothering about the trading part.
• Check out our Yearender Special
It would offer a level-playing field for sellers and buyers as it ensures anonymous trading. The Central Electric Regulatory Commission (CERC) would act as a regulator for the exchange.
“We are making efforts to make it functional in the next few months. We are also familiarizing the exchange operations to various stakeholders,” he said.
When asked about the concerns with regard to distribution, he said the exchange expected that large per cent age of trades would be intra-regional.
The fact that there was no congestion in the intra-regional transmission network would make the IEX trade seamlessly deliverable.
Friday, January 11, 2008
Spot Rubber Rules Weak
Kottayam: Physical rubber ruled weak on Thursday. The sentiments were partly affected by the declines in international futures and sheet rubber moved down to Rs 94.75 and Rs 94.50 a kg from Rs 95 and Rs 95.50 a kg respectively at Kottayam and Kochi.
The trend was mixed as RSS 5 and upgraded rubber remained steady with low volumes. Major manufacturers stayed back letting the prices to cool down. RSS 3 fell at its February futures to 285.3 yen (Rs 102.06) from 289.9 yen a kg following yet another bear strike on TOCOM. The grade firmed up by 48 paise to Rs 103.58 a kg at Bangkok spot.
The January contract for RSS 4 finished at Rs 96 (96.03), February at Rs 97.20 (97.65), March at Rs 98.92 (99.24) and April at Rs 100.90 (101.43) a kg on NMCE. The January contract improved to Rs 95.50 (95.12) a kg on MCX.
The open interest was 10,249 (10,440) tonnes with 1,918 (2,145) lots in January, 4,755 (4,750) lots in February, 2,749 (2,719) lots in March and 827 (826) lots in April. The volumes totalled 1,172 (1,394) tonnes.
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Spot prices were (Rs/kg): RSS-4: 94.75 (95); RSS-5: 92 (92); ungraded: 90.50 (91); ISNR 20: 91.50 (91.50) and latex 60 per cent: 61 (61).
The trend was mixed as RSS 5 and upgraded rubber remained steady with low volumes. Major manufacturers stayed back letting the prices to cool down. RSS 3 fell at its February futures to 285.3 yen (Rs 102.06) from 289.9 yen a kg following yet another bear strike on TOCOM. The grade firmed up by 48 paise to Rs 103.58 a kg at Bangkok spot.
The January contract for RSS 4 finished at Rs 96 (96.03), February at Rs 97.20 (97.65), March at Rs 98.92 (99.24) and April at Rs 100.90 (101.43) a kg on NMCE. The January contract improved to Rs 95.50 (95.12) a kg on MCX.
The open interest was 10,249 (10,440) tonnes with 1,918 (2,145) lots in January, 4,755 (4,750) lots in February, 2,749 (2,719) lots in March and 827 (826) lots in April. The volumes totalled 1,172 (1,394) tonnes.
• Check out our Yearender Special
Spot prices were (Rs/kg): RSS-4: 94.75 (95); RSS-5: 92 (92); ungraded: 90.50 (91); ISNR 20: 91.50 (91.50) and latex 60 per cent: 61 (61).
Last Date For Rubber Planting Aid Extended
Kottayam: Rubber Board has extended the last date for submitting planting subsidy applications in respect of areas replanted and newly planted in 2007 up to February 29.
Applications can be submitted in the form available at the web site of the Rubber Board, at www.rubberboard.org.in or at the regional offices concerned.
Fund eligibility
The growers owning planted area up to 5 hectares, including the area planted in 2007 in traditional areas (Kerala, Kanyakumari in Tamil Nadu), are eligible for financial assistance limited to 2 hectares.
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The assistance for replanting is Rs 20,000 and new planting Rs 12,000.
Applications can be submitted in the form available at the web site of the Rubber Board, at www.rubberboard.org.in or at the regional offices concerned.
Fund eligibility
The growers owning planted area up to 5 hectares, including the area planted in 2007 in traditional areas (Kerala, Kanyakumari in Tamil Nadu), are eligible for financial assistance limited to 2 hectares.
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The assistance for replanting is Rs 20,000 and new planting Rs 12,000.
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