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Rubber approaches 52-week peak amid Kerala lockdown; analysts see 6% upside in a month SECTIONS Share Synopsis Analysts remain upbeat on rubber from a short- to medium-term perspective thanks to positive price trends, but caution traders that some profit taking cannot be ruled out. iStock India is the world’s second biggest consumer of natural rubber, behind China, and the sixth largest producer. Prices of rubber, an industrial commodity, jumped more than 1 per cent in thin trade on Monday, supported by its rise in the international markets and tight supplies back home. MCX rubber futures d...

Prices of rubber, an industrial commodity, jumped on Tuesday to the highest level in nearly a month amid supply shortage, adding to a rebound that began last week as firm demand along with positive cues in the international market boosted sentiments of market participants. MCX rubber futures due for delivery on May 31 traded 1.52 per cent (Rs 254) higher at Rs 17,010 per tonne, having touched Rs 17,050 per tonne earlier on Tuesday – a level last seen on April 7. Analysts said the commodity is set for higher levels ahead fundamentally on account of tight supplies, thanks to demand from indus...

Rubber extends losses amid Covid 2.0 concerns: How to trade SECTIONS Share Synopsis The March 31 contract quoted at Rs 16,200, down Rs 551 or 3.29 per cent from its previous close. In the spot market, rubber quoted at Rs 16,157 per quintal at last count, down Rs 187 or 3.30 per cent from its previous close. iStock Rubber has fallen sharply in the past few sessions, retreating 8.67 per cent from the year's highest level so far logged on April 5. Related Rubber prices on Monday tanked more than 4 per cent amid thin trade, as a surge in Covid-19 infections added to concerns about business activi...

‘Natural rubber production down 10% in 2020’ December 22, 2020 Global rubber body foresees extreme weather conditions impacting yield The Association of Natural Rubber Producing Countries (ANRPC) has scaled down world rubber production in 2020 by 10 per cent to 12.597 million tonnes due to a combination of factors such as climate change, extreme weather and leaf fall diseases that disrupted production across major growing countries. The revised outlook is 3,04,000 tonnes below the forecast by the global rubber body in September. However, the global rubber body said that the NR market cou...