Kottayam, March 29
The rubber prices explored further highs on Monday. Sharp gains in the Japanese markets and positive reports from the remaining global trendsetters inspired the domestic players to join the buyers queue. In spot, sheet rubber increased to Rs 156 from Rs 154.50 a kg on fresh buying and short covering. The market made all-round gains lacking quantity sellers though major manufacturers were totally inactive prior to the financial year closing as usual.
Futures improve
RSS 4 improved with the April futures rising to Rs.158.85 (157.67), May to Rs 161.94 (160.61), June to Rs 161.95 (160.38) and July to Rs 160.11 (159.27) a kg on National Multi Commodity Exchange (NMCE).
RSS 3 firmed up sharply at its April futures to ¥331.7 (¥323.3) (Rs 160.40), May to ¥327.1 (¥319), June to ¥320.3 (¥313.1), July to ¥315.8 (¥309), August to ¥313 (¥306.1) and September to ¥312 (¥304) a kg during the day session on Tokyo Commodity Exchange (TOCOM). The April futures slipped to ¥330 (Rs 160.36), May to ¥326.9, June to ¥319.2, July to ¥314.5, August to ¥311.9 and September to ¥310.5 a kg during the night session. RSS 3 improved to Rs 157.06 (155.39) a kg on Singapore Commodity Exchange (SICOM). Its spot closed at Rs 156.85 (155.58) a kg at Bangkok.
Spot prices were (Rs/kg): RSS-4: 156 (154.50); RSS-5: 154.50 (153.50); ungraded: 153.50 (152); ISNR 20: 153.00 (151.50) and latex 60 per cent: 100 (100).
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