The prices of rubber at the South Indian rubber bourse
of Kottayam improved by a tad on a "slight increase"
in off-take, even as arrivals continued to post a strengthening
trend, say traders. The prices at the outcry bourse, which
opened at INR 47.75, strengthened to post INR 0.50 gains
and close at INR 48 during the close of the trading Thursday.
slight improvement in off-take was due to the festival
purchases of industrial rubber-makers, while the exporters
also contributed their bit to strengthening of the prices.
But tyre- and tube-makers stayed put from active buying,
even though they claimed to have been active on need-based
buying. The price rise, even though by a tad, helped in
easing dull market conditions, which were prevailing at
the bourse for the past two days, say analysts.
which is to host its most important festival of Onam on
8 September, is expected to be a "bee-hive of activity."
However, trade posted a lacklustre trend during the past
three days, except Thursday. The industrial production
in the state has also picked up, with many of the non-tyre
manufacturing units posting increased output.
state is receiving heavy rainfall, which might improve
the quality of the natural rubber procured, especially
that of the latex varieties. But analysts and market sources
fear that the continuing rain might affect tapping and
processing activities in the state.
interest for sheet rubber RSS-4 waned during the day,
believed to be due to a fear in quantum leap of prices,
they add. The demand for block rubber and latex varieties
posted an improved trend, compared with that of the previous
day, while non-tyre and block varieties also posted an