Spot rubber rules steady

Spot rubber rules steady


Kottayam, June 8

Spot rubber continued to rule almost steady on Tuesday. According to observers, the market activities were in an extremely low key as the domestic rubber futures turned weak on NMCE.

Sheet rubber finished flat at Rs 168.00 a kg amidst scattered transactions. The trend was partially mixed as ISNR 20 weakened on low demand.

Futures weaken

RSS 4 weakened with the June futures rising to Rs 167.60 (168.47), July to Rs164.10 (164.69), August to Rs 158.40 (158.79) and September to Rs 154.40 (154.99) a kg on the National Multi Commodity Exchange. The June futures for RSS 3 improved to ¥351.0 / Rs180.12 (¥345.0), July to ¥343.6 (¥340.7), August to ¥316.8 (¥312.0), September to ¥289.0 (¥284.0), October to ¥267.1 (¥262.4) and November to ¥262.1 (¥257.3) a kg during the day session on Tokyo Commodity Exchange.

RSS 3 (spot) firmed up to Rs 169.14 (168.05) a kg at Bangkok.

Spot rubber rates (Rs/kg) were: RSS-4:168 (168); RSS-5:165 (165); ungraded:163 (163); ISNR 20: 150 (151.50) and latex 60%: 110.50 (110.50).