MARKET COMMENTARY
In lacklustre trades, natural rubber in the Indian markets steadiedon Thursday. Market sentiments remained on the weaker side andthe gains in the rubber prices in the international market during theprevious session provided little help. In choppy trades, NMCE rubberfutures ended mostly steady, except for the far month September futures which dropped more than one per cent.
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Daily report on Natural Rubber: May 18, 2012
NR Prices Sentiment-Driven On Global Concerns
Natural rubber prices may remain sentiment-driven until there is some reassurance or resolution of global macroeconomic concerns, International Rubber Consortium chief secretary Yium Tavarolit said Tuesday.
Daily report on Natural Rubber: May 16, 2012
While the overall market sentiments remained cautious followingthe steep decline in natural rubber prices in the international marketand expiry of the near month May rubber futures in NMCE, RSS4showed a mixed trend on Tuesday. In the spot market, pricesremained firm near Rs.194 a kg while NMCE rubber futures rebound.Fall in local natural rubber production and depreciating rupeeprovided firm support to the market. However, lackluster demandfrom tyre manufacturers and high imports may limit gains. In themeantime, IMD’s forecast show that Southwest monsoons are set tolash over Kerala coast by June 01.
Ceat: Company’s earnings may improve
Higher sales, lower material costs and increased capacity at its new plant helped tyre maker CEAT to post a healthy result for the quarter ending march 2012. However, on a full year basis, due to higher interest costs, its profits for FY12 were lower by 33% to Rs 18 crore.
TOCOM rubber plunge on rising Euro zone crisis
TOKYO (Commodity Online): Uncertainty revolving around the commodity market in Europe due to the rising fear over Greece exit, the rubber futures in Tokyo Commodity Exchange (TOCOM) for October delivery plunged 2.2 yen at 267.9 yen per Kg on Wednesday.











