Rubber prices likely to be lower next week
SATURDAY, APRIL 30, 2011

Lack of demand especially from China due to its high level of rubber inventory is likely to drag prices in Malaysia down next week.
Thailand also was selling their latex at lower prices compared to the market in Malaysia, a dealer said.
Rising supply from major rubber producing countries could also put pressure on prices, he added.
This week, the Malaysian Rubber Board's official daily physical price for tyre-grade SMR 20 dropped 114.5 sen to 1,363.5 sen per kg from 1,478 per kg while latex-in-bulk fell 43.5 sen to 985.5 sen per kg from 1,029.0 sen per kg.
Meanwhile, the unofficial price for tyre-grade SMR 20 fell 105.0 sen to 1,365.0 sen per kg from 1,470.0 sen per kg and latex-in-bulk slipped 43.0 sen to 982.0 sen per kg from 1,025.0 sen per kg.
The market will close on Monday due to Labour Day holiday. -- Bernama




Malaysian Rubber Likely To Trade Weaker
SATURDAY, APRIL 30, 2011

KUALA LUMPUR, April 30 (Bernama) -- Lack of demand especially from China due to its high level of rubber inventory is likely to drag prices in Malaysia down next week.
Thailand also was selling their latex at lower prices compared to the market here, a dealer said.
Rising supply from major rubber producing countries could also put pressure on prices, he added.
This week, the Malaysian Rubber Board's official daily physical price for tyre-grade SMR 20 dropped 114.5 sen to 1,363.5 sen per kg from 1,478 per kg while latex-in-bulk fell 43.5 sen to 985.5 sen per kg from 1,029.0 sen per kg.
Meanwhile, the unofficial price for tyre-grade SMR 20 fell 105.0 sen to 1,365.0 sen per kg from 1,470.0 sen per kg and latex-in-bulk slipped 43.0 sen to 982.0 sen per kg from 1,025.0 sen per kg.
The market will close on Monday due to Labour Day holiday.
-- BERNAMA




India: Spot rubber prices improve
SUNDAY, MAY 1, 2011

KOTTAYAM, APRIL 30:
Physical rubber prices turned better on Saturday. The market opened steady but firmed up later on covering purchases following a better closing on NMCE. Traders seemed to be expecting higher prices on Monday once the trend setting Japanese markets resume trading after the long weekend holidays.
Sheet rubber improved to Rs 237 (236.50) a kg according to traders. The grade declined to Rs 236 (237.50) a kg as reported by the Rubber Board.
In futures, the May series improved to Rs 235.16 (233.51), June to Rs 239.50 (237.75), July to Rs 240.75 (238.80), August to Rs 235.61 (234.32) and September to Rs 230.20 (229.13) a kg for RSS 4 on the National Multi Commodity Exchange (NMCE).
Spot rates were (Rs/kg): RSS-4: 237 (236.50); RSS-5: 234 (233); ungraded: 230 (229); ISNR 20: 231.50 (230) and latex 60 per cent 145 (145).
(Source: http://www.thehindubusinessline.com/markets/commodities/article1981336.ece)