Spot rubber prices improve

Commodity
Spot rubber prices improve
Kottayam: Spot rubber prices improved on Wednesday. Positive reports from the international market and a better closing on NMCE rubber futures extended support to physical trade. Sheet rubber improved to Rs 133.50 from Rs 132.50 a kg mainly on covering purchases. According to observers, there were no fresh enquiries from the tyre sector.
Futures gain

The February futures for RSS 4 moved up marginally to Rs 133.25 (132.98), March to Rs 136.47 (136.00), April to Rs 140.38 (140.24) and May to Rs 143.40 (143.10) a kg on National Multi Commodity Exchange (NMCE). RSS 3 closed at Rs 140.72 (139.38) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) increased to Rs 141.01 (140.69) a kg at Bangkok. The February futures for RSS 3 firmed up to ¥266.8 (¥262.6) (Rs 138.31), March to ¥268.5 (¥263.9), April to ¥270.7 (¥264.5) and May to ¥272.5 (¥266.2 a kg during the day session on Tokyo Commodity Exchange (TOCOM).



Spot prices were (Rs/kg): RSS-4: 133.50 (132.50); RSS-5: 131.50 (130); ungraded: 128.50 (127.50); ISNR 20: 131 (130) and latex 60 per cent: 89 (89). (BL)