Kottayam, March 22
Spot rubber improved on Monday. The market gained further on speculative buying and short covering but lost its initial strength as domestic rubber futures shed the morning gains during late trades on NMCE. Sheet rubber finished at Rs 155 (153) a kg after hitting an intraday high of Rs 155.50 a kg on early trades. The transactions were in a low key.
Futures weak
The April futures weakened to Rs 156.50 (157.39), May to Rs 158.02 (159.33), June to Rs 157.91 (158.80) and July to Rs 158.05 (158.76) a kg for RSS 4 on National Multi Commodity Exchange (NMCE). RSS 3 firmed up to Rs 150.11 (149.51) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) closed at Rs 151.35 (150.46) a kg at Bangkok. The Tokyo Commodity Exchange (TOCOM) remained closed on account of substitute holiday for Vernal Equinox Day.
Spot prices were (Rs/kg): RSS-4: 155 (153); RSS-5: 153 (152); ungraded: 152 (151); ISNR 20: 152 (151) and latex 60 per cent: 100 (100).
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