The prices of natural rubber on the Kottayam bourse rallied
during the week ended 12 September on a fall in arrivals,
even as the bourse opened on a lethargic note on Tuesday,
bourse, which opened at Rs 47.25 on Tuesday, rallied through
out the week and posted Rs 48.25 on Friday. The spot bourse
was closed on Monday, the normal opening day of the bourse,
due to the south Indian festival of Onam.
the futures bourse in Kochi exhibited a mixed trend during
the week, with the exchange posting gains during the opening
of the week and loses by the later part of the week. Traders
and market sources attribute the rise in prices to a fall
in supplies from the village procuring areas, as tapping
and procuring activities were yet to gather pace after
the Onam holidays.
and sellers had exhausted their supplies during the previous
week, as the prices had firmed on increased demands. The
sellers had disposed of even their buffer stocks, in a
bid to cash in on the increased offtake and an expected
major buyers at the bourse, tyre and tube manufacturers
were active during the week, resulting in a price rally
of the key market indicator, RSS-4. The offtake of the
variety had also posted increased gains during the week,
with exporters and industrial rubber-makers also showing
increased interests in offtake.
prices of sheet rubber RSS-5 also rallied during the week
to post Rs 46.75 from Rs 45.75 registered during the opening
of the week. The offtake of the variety also posted gains
during the week, with sellers, especially north Indian
industrial rubber-makers, contributing mainly to the offtake.
northbound journey was also witnessed by block rubber
variety, ISNR-20, with its prices closing at Rs 44.50
on Friday, up by Rs 0.25 from the opening prices of Rs
44.25. Ungraded also posted Rs 0.50 gains to close at
Rs 46.50 on Friday, even though Latex 60% DRC stagnated
at Rs 34.75 during the week.
The prices are expected to stabilise next week, as arrivals
from the major procuring areas might strengthen on the
backdrop of an increase in procuring activities, say traders.