Kottayam, March 15
Physical rubber prices witnessed a mixed trend on Monday. Sheet rubber failed to go past the Rs 150-mark as the domestic futures turned weak on the National Multi Commodity Exchange (NMCE). The grade closed firm at Rs 149 a kg on buyer resistance. While ungraded rubber and ISNR 20 finished firm amidst scattered transactions, latex 60 per cent improved sharply on comparatively better demand. There were no fresh quotes from the tyre sector.
RSS 4 declined with the March futures slipping to Rs 148.25 (149.25), April to Rs 151.81(152.64), May to Rs 155 (155.81) and June to Rs 157.10 (157.64) a kg on the NMCE.
Futures improve
The March futures improved to ¥301.2 (¥296.2) (Rs 151.38), and April to ¥295 (¥294.2) while the May futures weakened to ¥291 (¥293.7), June to ¥288.2 (¥292.6), July to ¥283.5 (¥290.7) and August to ¥281.5 (¥289.6) a kg for RSS 3 during the day session on the Tokyo Commodity Exchange. Spot rates were (Rs/kg): RSS-4: 149 (149); RSS-5: 147 (147); ungraded: 146 (145.50); ISNR 20: 146.50 (146) and latex 60 per cent: 97 (95).
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