Spot rubber improves on supply concern

Spot rubber improves on supply concern
Kottayam: The domestic rubber prices improved on Thursday. According to observers the prices improved mainly on supply concerns though there was no fresh demand from major consuming industries during the day. An increase in SICOM and Bangkok rubber prices might be another factor which catalysed the sentiments even amidst low demand, they added. In spot, sheet rubber improved to Rs 134 from Rs 133.50 a kg amidst scattered transactions. The trend was mixed.


Futures firm


The February futures firmed up to Rs 134 (133.15), March to Rs 137.25 (136.29), April to Rs 141.45 (140.18) and May to Rs 144.50 (143.07) a kg for RSS 4 on National Multi Commodity Exchange (NMCE). The Tokyo Commodity Exchange (TOCOM) remained closed on account of ‘National Foundation Day'. RSS 3 flared up to Rs 143.13 (140.72) a kg on Singapore Commodity Exchange (SICOM). The grade improved to Rs 142.80 (141.01) a kg at Bangkok.



Spot prices were (Rs/kg): RSS-4: 134 (133.50); RSS-5: 131.50 (131.50); ungraded: 129 (128.50); ISNR 20: 131.50 (131) and latex 60 per cent: 89 (89).(BL