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Covid second wave saps rubber - The Hindu BusinessLine


Covid second wave saps rubber
April 19, 2021
Sheet rubber slips to ₹164/kg
Spot rubber fell in tandem with the heavy losses in domestic futures on Monday. The second wave of Covid-19 is getting worse, making both stock and commodity markets more risky.
The re-imposition of lockdowns in highly infected areas and the sharp decline in investors’ wealth have affected trading in commodities very badly.
RSS-4 declined to ₹164 (166.50) per kg, according to traders and the Rubber Board. The grade finished flat at ₹159 (161.50), according to dealers. The volumes were low.
In futures, the front month April delivery shed 4.78 per cent from Friday’s settlement price to close at ₹157.25 per kg with a volume of 82 lots on the Multi Commodity Exchange (MCX). ....

Krung Thep Mahanakhon , Kuala Lumpur , Call Centre , Head Office , Rubber Board Call Centre , Shanghai Futures Exchange Sh , Multi Commodity Exchange , Shanghai Futures Exchange , Low Frequency Tapping , Controlled Upward Tapping , Rubber Tapping Demonstrator , Rubber Board , குவாலா லம்பூர் , அழைப்பு மையம் , தலை அலுவலகம் , ரப்பர் பலகை அழைப்பு மையம் , ஷாங்காய் எதிர்காலங்கள் பரிமாற்றம் ஷ , பல பண்டம் பரிமாற்றம் , ஷாங்காய் எதிர்காலங்கள் பரிமாற்றம் , குறைந்த அதிர்வெண் தட்டுவதன் , கட்டுப்படுத்தப்படுகிறது மேல்நோக்கி தட்டுவதன் , ரப்பர் பலகை ,

Global rubber output seen falling 12% in Feb: ANRPC - The Hindu BusinessLine


March 10, 2021
Spot rubber prices shoot up
Spot rubber continued to explore further highs on Wednesday. RSS 4 edged up to ₹164.50 from ₹164 and ₹163.50 per kg respectively, according to traders and the Rubber Board. The grade firmed up to ₹159.50 (158.50) as per dealers.
According to The Association of Natural Rubber Producing Countries (ANRPC), the outlook of world production of natural rubber (NR) is likely to fall 12.4 per cent, year-on-year, to 897,000 tonnes in February 2021. The world consumption of natural rubber is estimated to recover at 47.5 per cent, year-on-year, to 1.103 million tonnes during the same month.
This favourable market fundamental has supported the upward trend observed in average monthly prices across key physical markets during the reference month amid the seasonal wintering in most NR producing countries. ....

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