Mixed trend in spot rubber

Mixed trend in spot rubber
Kottayam: The physical rubber prices showed a mixed mood on Monday. The market opened firm and moved up further on early trades but declines in the domestic futures on NMCE kept it under pressure on late trades. Sheet rubber closed at Rs 140.50 (140) after hitting an intraday high of Rs 141 a kg in the morning session. Ungraded rubber which was traded at Rs 131 a kg slipped in to the minus territory during the closing hours on buyer resistance.



Futures decline



RSS 4 declined at its January futures to Rs 142.65 (145.05), February to Rs.144.81 (147.46), March to Rs 147.12 (149.37) and April to Rs 149.50 (151.82) a kg on National Multi Commodity Exchange. The January futures for RSS 3 closed at ¥266.7 (¥267) (Rs 135.64), February at ¥267.3 (¥267.3), March at ¥269.5 (¥268.8), April at ¥270.6 (¥270.4), May at ¥273.9 (¥273.3) and June at ¥276.8 (¥276.3) a kg during the day session on Tokyo Commodity Exchange. The February futures weakened to ¥265.1, March to ¥267.9, April to ¥269.8, May to ¥272.9 and June to ¥276 a kg while the January futures remained inactive during the night session. RSS 3 closed at Rs 134.09 (132.13) a kg on Singapore Commodity Exchange. The grade (spot) was quoted at Rs 134.97 (133.70) a kg at Bangkok.



Spot rates were (Rs/kg): RSS-4: 140.50 (140); RSS-5: 134.50 (133.50); ungraded: 129 (130); ISNR 20: 131 (131) and latex 60 per cent: 84.50 (84.50). (BL)

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