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.
Spot rubber closed unchanged on Friday. RSS 4 was quoted steady at ₹160 per kg by traders and the Rubber Board. The grade finished flat at ₹155, according to dealers. The trend continued to remain mix
Spot rubber rebounds in a mixed trade
March 04, 2021
Spot rubber regained strength on Thursday. RSS-4 improved to ₹160 (159.50) a kg as per traders and the Rubber Board. The grade was quoted firm at ₹155 (154.50) by dealers. The trend was mixed as ISNR 20 ended in red and latex finished flat amidst extremely dull volumes .
According to reports, the Finance Ministry has decided not to impose anti-dumping duty on truck and bus radial tyres imported from Thailand. Nearly 50% of truck & bus radial (TBR) tyres imported in the first three-quarters of the current fiscal are from Thailand. The Directorate General of Trade Remedies had recommended that an anti-dumping duty should be imposed on Thai imports of truck and bus radials based on an application filed by the Automotive Tyre Manufacturers Association (ATMA).
Spot rubber finished flat on Wednesday. Sentiments remained neutral despite a marginal recovery in Bangkok spot and domestic futures, as most traders preferred to stay away from a choppy market.RSS 4