Mixed trend in spot rubber

Mixed trend in spot rubber
Aravindan

Kottayam, Aug. 6

Spot rubber witnessed a mixed trend on Friday. Traders were hesitant to join the buyers queue and they seemed to be reacting to the import news and rumours which dominated the overall sentiments. Sheet rubber ended flat at Rs 189 a kg amidst scattered transactions. The Rubber Board's rate also remained unchanged at Rs 186 a kg for the grade. Meanwhile RSS 5 and ungraded rubber slipped on dull demand,

Futures gain

The rubber futures managed to finish in green gaining 0.5 per cent on the National Multi Commodity Exchange (NMCE). The key TOCOM January contract rose 0.5 per cent, recording a weekly gain of about 3.5 per cent. The August series for RSS 4 improved to Rs 190.50 (189.99), September to Rs 176.95 (175.56), October to Rs 167.05 (166.10) and November to Rs 164.50 (164.09) a kg on the NMCE. August futures for RSS 3 increased to ¥320.6/Rs 172.01 ( ¥317.5) during the day session but weakened to ¥320.8 (Rs 172.12) a kg during the night session on Tokyo Commodity Exchange (TOCOM). The grade (spot) slipped to Rs 150.79 (Rs.150.85) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 189 (189); RSS-5: 179.50 (180); ungraded: 169 (170); ISNR 20: 159 (159) and latex 60 per cent: 107 (107).