| Asset Code |
RUBBER |
| Product Code |
RUBBERF |
| Series Code |
RBRMMMYYYY |
| Trading System |
NMCE’s Derivatives Trading and Settlement System |
| Trading Hours |
Monday to Friday:10:00 am to 5:00 pm
Saturday:10:00 am to 2:00 pm
|
| Unit of Trading |
1 MT |
| Delivery Unit |
1 MT |
| Quotation/Base Value |
100 Kgs |
| Tick Size |
1 Rupee |
| Price Band |
Daily price fluctuation limit will be +/-3%. Limit on daily price fluctuation will be reckoned with reference to the pervious close price. If trade hits this price limit, trade would stop for 15 minutes, where after price would be extended by another +/-1%. No trade would be permitted during the day beyond then revised price limit of +/-4%. |
| Quality Specification |
Ribbed Smoked Sheets 4 (RSS4) |
1.Nothing but coagulated Rubber Sheets, properly dried and smoked can be used in making these grades: block, cuttings, or other scrap or frothy sheets, weak, heated or burnt sheets, air dried or smooth sheets not permissible.
2.Slight resinous matter (rust) and slight amounts of dry mould on wrappers bale surfaces and interior sheets, found at time of delivery will not be objected to .should "rust" or "dry mould" in an appreciable extent appear on more than 20% of the bales sampled, it shall constitute grounds for objection.
3.Medium size bark particles, bubbles, translucent stains, slightly over smoked rubber are permissible to the extent shown in the sample.
4.Oxidised spots or streaks, weak, heated, under cured, over smoked (in excess of the degree shown in the sample), and burnt sheets are not permissible.
5.The Rubber must be dry, firm, and free of blemishes, blisters, sand, dirty packing and all other foreign matter other than specified above as permissible. |
| No. of delivery Contracts in a year |
Maximum 12 monthly or minimum 2 monthly contracts running concurrently. |
| Delivery Centers |
CWC Warehouses Cochin / Ernakulam (basis center), Kottayam, Calicut, Malapuram, Tricur. |
| Opening of Contracts |
Trading in any contract month will open on the 16th day of the month as per the approved calendar |
| Due Date |
15th day of the delivery months if 15 happens to be holiday then previous working day |
| Delivery Logic |
Compulsory Delivery |
| Closing of Contract |
Squaring up of positions will be permitted between 12th and 15th of delivery month. No fresh positions building will be allowed. From 12th to 15th of delivery month, seller can tender Warehouse Receipt for settlement and Warehouse Receipt will be accepted for settlement at closing price of the previous day. |
| Limit on open position |
Aggregate Limit
Client – 4,000 MT
Member – 12,000 MT or 15% of total market open position in the commodity whichever is higher
Near Month Limit:
Client :1,250 MT
Member –5,000 MT or 15% of the total near month position in the commodity, whichever is higher
|
*As per Circular No. NMCE/2008-09/0063 dated 23 December, 2008
Introduction
Rubber is found in the fluid of some specific plants but it can also be produced synthetically. Synthetic rubber is produced through the process of polymerization of various monomers.
Naturally, rubber is produced by the process of tapping of the plant called Hevea Brasiliensis. The rubber tree is a native of the Amazon River basin in South America. The ideal rubber growing regions should be 8 degree North of Equator, 10 degree South of Equator, high temperature, altitude not beyond 400m and high humidity.
|
|