Spot rubber prices unchanged

Spot rubber prices unchanged
Kottayam: Spot rubber prices finished unchanged on Tuesday. The market was almost inactive and neutral as there were no quantity buyers or sellers to set the trend.

Sheet rubber finished flat at Rs 109.50 a kg consecutively for the eight day amidst scattered transactions.

Major manufacturers were not interested in expanding their commitments as a continuation of their purchase policy during the past few weeks. The November futures for RSS 4 closed at Rs 110.15 (Rs 109.90), December at Rs 111.89 (Rs 112.21), January at Rs 114.00 (Rs 114.19) and February at Rs 115.88 (Rs 115.91) a kg on National Multi Commodity Exchange.

RSS 3 weakened at its November futures to ¥228.9 (¥229.5) (Rs 118.06), December to ¥228.2 (¥229.8) , January to ¥226.5 (¥229.0), February to ¥227(¥229.6), March to ¥227.8 (¥230.3) and April to ¥229.3 (¥232.1) a kg during the day’s session on Tokyo Commodity Exchange. (BL)
http://www.thehindubusinessline.com/2009/11/11/stories/2009111150071300.htm
Natural rubber output falls 9.5%
Kochi :Boosting chances of a further increase in prices, natural rubber (NR) production in the country dropped 9.5 per cent during the first seven months of the current financial year. The production fell to 435,125 tonnes during April-October, as against 480,230 tonnes in the same period last year.

According to latest estimates of the Rubber Board, consumption edged up 3 per cent to 536,100 tonnes. The ongoing mismatch between production and consumption is likely to strengthen the bull phase in the NR market. The price of benchmark grade RSS-4 is currently ruling at Rs 109-110 a kg.

The fall in production is a serious concern for rubber-consuming industries since import is not a viable option in the present situation.

Though local traders expect prices to come down, as rubber production would be at its peak during the November-January period. There would be a good supply to the market due to which prices may fall, said a leading Kochi-based trader. (BS)
http://www.business-standard.com/india/news/natural-rubber-output-falls-95/375997/