Aravindan
Kottayam, March 18
Spot rubber made further gains on Thursday. The market opened better and improved further on fresh buying and short covering. Sheet rubber improved to Rs 152 from Rs 151 a kg though there was no fresh demand from major consuming industries. The next target of the market is reported to be Rs 160 a kg for sheet rubber and there were no sellers in the main marketing centres even at higher levels.
Futures firm
The April futures for RSS 4 closed at Rs 154.98 (154.08), May at Rs 156.35 (156.08), June at Rs 157.60 (158.10) and July at Rs 157.64(158.29) a kg on National Multi Commodity Exchange (NMCE). RSS 3 weakened at its March futures to ¥302 (¥304.5) (Rs 152.05), April to ¥303.1 (¥303.5), May to ¥297.8 (¥299), June to ¥293 (¥295.1), July to ¥288.3 (¥291.1) and August to ¥285.6 (¥288.6) a kg during the day session on Tokyo Commodity Exchange (TOCOM). The June futures improved to ¥293.8, July to ¥288.9 and August at ¥286 a kg while the March, April and May futures remained inactive during the night session. RSS 3 increased marginally to Rs 148.63 (148.20) a kg on Singapore Commodity Exchange (SICOM). The grade finished firm at Rs 149.95 (149.51) a kg at Bangkok.
Spot prices were (Rs/kg): RSS-4: 152 (150); RSS-5: 151 (149); ungraded: 150 (147.50); ISNR 20: 150 (147.50) and latex 60 per cent: 98 (98)
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