Rubber Sees Steady Trend - Sep 06 , 2008

Kottayam: Spot rubber prices remained to rule unchanged on Sept 5. Major manufacturers were purchasers on the grade up to the quoted levels and sheet rubber RSS 4 ended flat at Rs 140 a kg as on Sept 4. The grade (spot) increased slightly to Rs 132.97 from Rs.132.32 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 140 (140); RSS-5: 136 (136); ungraded: 133 (133); ISNR 20: 130 (130) and latex 60 per cent: 80.50 (80.50)

Rubber Market Sees Steady Trend - Sep 05 , 2008

Kottayam: Rubber market ruled firm on Sept 4. RSS 4 ended unchanged at Rs 140 a kg consecutively for the third day on purchaser resistance. Major manufacturers were purchasers on sheet rubber up to Rs 140 a kg but they were unwilling to enhance their quotes further though the leading global indices finished higher on late trading. The grade's spot ended firm at Rs 132.32 (132.17) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 140 (140); RSS-5: 136 (136); ungraded: 133 (133); ISNR 20: 130 (130) and latex 60 per cent: 80.50 (80.50).

Ban On Rubber Futures May Be Extended - Sept 02, 2008

New Delhi: India may extend a ban on futures trading in rubber for another four months because of a sharp rise in spot prices, the Business Standard newspaper reported on Tuesday, citing unidentified market sources.

The government had suspended futures trading in rubber, soyoil, potato and chickpea in May for four months, under pressure from its allies to control soaring inflation.

Despite the ban, rubber prices have gone up by 22 rupees ($0.5) per kg in the past 15 weeks, the newspaper said, with spot prices of benchmark RSS-4 at 140 rupees a kg on Monday, off a record 142 last week.

Rubber Sees Weak Trend - Sep 01 , 2008

Kottayam: The domestic rubber rates turned weak on Aug30. The market is falling consecutively for the third time after touching the historic high of Rs 142 a kg as there has been some increase in arrivals even in the village markets which in turn seemed to be putting pressure on the prices. Sheet rubber RSS 4 fell to Rs 141 from Rs 142 a kg on purchasers resistance. Spot prices were (Rs/kg): RSS-4: 141 (142); RSS-5: 138 (139); ungraded: 133 (134); ISNR 20: 132 (132.50) and latex 60 per cent: 81.50 (81.50).

Rubber Prices Witness A New Record - Aug 29 , 2008

On August 28, due to speculative holding back of stocks by sellers and firm overseas cues from key Asian markets like Tokyo and Bangkok, the spot rubber prices went up. And the benchmark RSS-4 grade has touched a new record high of Rs 142 a kg.

The previous high for RSS-4 grade was Rs 141.50 on August 1. Although the board had placed the price of the commodity at Rs 141.50 for that day, most traders said they sold the commodity at Rs 142 then. Overall supply of the commodity is weak due to growers holding back stocks as well as production in August being disrupted by rains in growing areas of Kerala.

Rubber Sees Steady Trend - August 23 , 2008

Kottayam: Spot rubber remained to rule firm on Aug 22. RSS 4 ended unaltered at Rs 137 a kg as on Aug 21. The tyre sector kept their quotes even below at Rs 136.50 a kg during the session possibly to avoid another bull run amidst short supply. The grade (spot) increased further to Rs 124.11 (123.21) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 137 (137); RSS-5: 134.50 (134.50); ungraded: 128 (128); ISNR 20: 131.50 (131.50) and latex 60 per cent: 81 (81).

Rubber Price Declines - Aug 20 , 2008

Kottayam: Rubber rates declined further on Aug 19. RSS 4 fell to Rs 137 from Rs 137.75 a kg on buyer resistance. Major manufacturers remained inactive hopes the prices to cool down reducing the gap between the domestic and global rates. Spot prices were (Rs/kg): RSS-4: 137 (137.75); RSS-5: 134.50 (135); ungraded: 128 (129); ISNR 20: 131.50 (131.50) and latex 60 per cent: 81 (82).

Kochi To Organize Global Summit On Rubber - Aug 07 , 2008

Kochi: Kochi has decided to organize India's first Rubber Summit and Dinner on August 16 with large participation of rubber and tyre industry leaders from across the globe. The theme of the event is India: A Potential Rubber Power. There will be a seminar on the potential, challenges and opportunities of the country's rubber industry in the backdrop of rising prices of natural rubber. The centre stage of global rubber economy has been shifting to the Asian region, in terms of production and consumption, and this makes the event here significant.The theme of the event assumes significance in the light of China having emerged as the world's largest consumer of rubber.

At present, India is facing the challenge of catching up with China in terms of economic growth. Experts and decision makers from major rubber producing countries are expected to make presentations at the summit in Kochi on a variety of rubber-related topics such as supply and consumption trends, price trends, synthetic and other alternatives of natural rubber, impact of oil prices on rubber prices and the role of R&D. Those who will be making presentations at the summit include experts from Rubber Board (India), International Rubber Study Group, All India Rubber Industries Association, Malaysian Rubber Board and All India Tyre Manufacturers Association. The conference is being organised by Rubber Asia, a rubber trade magazine of Asia, in association with Rubber Board and All India Rubber Industries Association.

Rubber Falls On Global Cues - Aug 06 , 2008

Kottayam: Spot rubber gave up on Aug 5. The sentiments were led by the losses in world indices, which decline deeply in, to the negative territory following falls in oil and precious metals futures. RSS 4 declined to Rs 136 from Rs 137.50 a kg amidst improved volumes. The session saw better arrivals from growers while major consuming industries turned inactive letting the market to fall on renewed selling pressure. Spot rates were (Rs/kg): RSS-4: 136 (137.50); RSS-5: 134 (135); ungraded: 128 (131.50); ISNR 20: 133 (134.50) and latex 60 per cent: 85 (87).

Rubber Rates Weakened Further - Aug 05 , 2008

Kottayam: The rubber rates weakened further on Aug 4. The market declined as certain dealers and growers joined the sellers' queue fearing the trend to remain bearish in short term. Sheet rubber RSS 4 fell to Rs 137.50 from Rs 138.50 a kg on the previous weekend. Meanwhile major manufacturers kept its quotes much below at Rs 137 to avoid an immediate recovery in prices. Spot rates were (Rs/kg): RSS-4: 137.50 (138.50); RSS-5: 135 (137); ungraded: 131.50 (133); ISNR 20: 134.50 (136) and latex 60 per cent: 87 (89).

Rubber Rates Increase To Record High - Aug 01 , 2008

Kottayam: The domestic rubber managed to reach another all time high on July 31. Sheet rubber RSS 4 increased sharply to Rs 142 from Rs 139 a kg on renewed purchasing interest as the trend setting global futures took a turn to close in the positive zone. RSS 3 (spot) fell to Rs 133.83 (134.06) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 142 (139); RSS-5: 139 (136.50); ungraded: 136 (133); ISNR 20: 137.50 (135) and latex 60 per cent: 90 (90).

Biggest Rubber Wood Factory To Be Set Up In Tripura - July 31, 2008

AGARTALA : Country's second biggest rubber wood factory to be set up in Tripura with technological support from China, Germany and Taiwan, would help in boosting rubber wood based products, officials said.

The factory, set up in west Tripura’s Anandanagar area would help in producing solid wood boards from treated rubber wood using advanced international technology, said Jitendra Chowdhury, Tripura forest and industry minister.

The country’s biggest rubber wood factory is in Kerala, India’s largest natural rubber producing and cultivating state.

China, Germany and Taiwan have provided rubber wood processing technologies, besides machineries. Tripura is the second largest rubber producer in the country after Kerala with 41,000 hectares of land so far brought under rubber cultivation and the northeastern state is now producing 23,000 tones rubber latex per year.

Tripura Forest Development and Plantation Corporation (TFDPC), a state-run agency, has commissioned the factory at a cost of Rs 6.5 crore. “A Hong Kong based organisation is expected to be assigned for international marketing tie-up for the products,” the minister said after formally launching the production of the factory on Tuesday.

He said: “Talks are on for domestic marketing of the products with Chennai, Mylapore, Mumbai, and Gujarat-based companies.”

To boost the industry, India’s second rubber-based industrial park is being set up in Tripura. The rubber park, a joint venture between the Tripura Industrial Development Corporation (TIDC) and the Rubber Board, is the second of its kind in the country after the rubber park at Irapuram in Kerala, where over 520,000 hectares are now under cultivation.

Infrastructure Leasing and Financial Services (ILFS) is the project management agency of the park, where at least 20 rubber-based industrial projects would be set up within the next three years.

“The rubber park is to be built in an area of 50 acres of land in the Bodhjunjnagar industrial growth centre in western Tripura and over Rs 50 crore are expected to be invested in the park over a period of three years,” said Pabitra Kar, chairman of the TIDC.

Rubber Sees Steady Trend - July 30 , 2008

Kottayam: The rubber prices ruled firm on July 29. The undercurrent remained to be steady on short supply followed by intensified rains all over the plantation areas. RSS 4 closed unaltered at Rs 137 a kg. The grade's spot fell to Rs 133.76 (Rs 133.83) a kg at Bangkok. Spot prices (Rs/kg) were: RSS-4: 137 (137); RSS-5 : 135 (135); ungraded: 131.50 (131.50); ISNR 20 : 134 (134); and latex 60%: 90 ( 90).

Rubber sees upper trend- July 29 , 2008

Kottayam: The rubber market displayed a better trend on July 28. RSS 4 increased to Rs 137 from Rs 136.50 a kg on the previous weekend. Covering groups maintained the prices at higher levels expecting revised quotes from major manufacturers. The grade (spot) moved up to Rs 133.83 (Rs 133.19) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 137 (136.50); RSS-5: 135 (134.50); ungraded: 131.50 (131.50); ISNR 20: 134 (133.50) and latex 60 per cent: 90 (90).

Rubber Sees Steady Trend - July 25 , 2008

Kottayam: The physical rubber prices ended unaltered on July 24. Spot prices were (Rs/kg): RSS-4: 136 (136); RSS-5: 134 (134); ungraded: 130 (130); ISNR 20: 133 (133) and latex 60 per cent: 90 (90).

Rubber Price Increases - July 23, 2008

Kottayam: The domestic rubber prices increased sharply above the international prices on July 22. Surprisingly the sharp increase of Rs 3 a day appears to be quite unusual as it shows the abnormal scarcity of the commodity in the market. RSS 4 increased to Rs 137 from Rs 134 a kg catalysed by the aggressive purchasing from major consuming sectors. The tyre sector has been active on sheet rubber up to Rs 136 a kg. Spot prices were (Rs/kg): RSS-4: 137 (134); RSS-5: 134 (132); ungraded: 132 (130); ISNR 20: 133 (131) and latex 60 per cent: 90 (89).

Rubber Price Increases - July 22 , 2008

Kottayam: The opening day of the week saw yet another better closing in rubber rates. Even the village markets were suffering from sharp short supply as most of the growers reported sharp decline in output due to fundamental reasons. Sheet rubber RSS 4 increased further to Rs 134 from Rs 133 a kg on the previous weekend. RSS 3 (spot ) closed at Rs 137.09 a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 134 (133); RSS-5: 132 (131); ungraded: 130 (129); ISNR 20: 131 (131) and latex 60 per cent: 89 (88.50).

Rubber Price Improves - July 21, 2008

Kottayam: The rubber prices ended higher at the weekend session. Covering groups continued aggressive procuring sheet rubber at the quoted levels as the domestic buyers were under pressure during the past few sessions due to supply concerns. RSS 4 increased to Rs 133 from Rs 131.75 a kg on July 18. The market is suffering from acute short supply and any fresh purchasing interest would certainly trigger another bull run in the domestic scene. Spot prices were (Rs/kg): RSS-4: 133 (131.75); RSS-5: 131 (130); ungraded: 129.00 (128.50); ISNR 20: 131 (130.50) and latex 60 per cent: 88.50 (88.50).

Rubber rate remains unaltered - July 16, 2008

Kottayam: Spot rubber remained to rule unchanged on July 15. Sheet rubber RSS 4 ended firm at Rs 131 a kg amidst low volumes. Major manufactures were purchasers up to Rs 130 a kg for RSS 4 but they were not prepared to renew their quotes though it was really impossible for them to procure the raw material below the existing levels. The grade's spot fell by 6 paise to Rs 137.44 (137.50) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 131 (131); RSS-5: 129 (129); ungraded: 127 (127); ISNR 20: 129.25 (129.25) and latex 60 per cent: 88.50 (88.50).

Rubber Rates Regain - July 12, 2008

Kottayam: The domestic rubber prices regained on July 11. Sheet rubber RSS 4 ended at Rs 131.50 a kg against Rs 129.50 a kg on July 10. Spot prices were (Rs/kg): RSS-4: 130.75 (129.50); RSS-5: 128.75 (128); ungraded: 126.75 (126); ISNR 20: 129 (129) and latex 60 per cent: 88.50 (88.50).