Mixed trend in rubber

Mixed trend in rubber

Kottayam, Sept 9

Spot rubber witnessed a mixed trend on Thursday. The market activities have been slowed down as the reports from the domestic and international futures were not encouraging. Sheet rubber finished firm at Rs 167 a kg amidst scattered transactions. The volumes were low.

Futures improve

In futures, the September series improved to Rs 170.01 (169.35) while the October series weakened to Rs 164.98 (166.13), November to Rs 164.9 (166.23) and December to Rs 166.5 (167.83) a kg for RSS 4 on the National Multi Commodity Exchange. The September futures for RSS 3 improved to ¥299.6 (Rs 166.46) from ¥298.2 during the day session but slipped to ¥298 (Rs 165.59) a kg during the night session on the Tokyo Commodity Exchange. RSS 3 (spot) weakened to Rs 163.75 (163.81) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 167 (167); RSS-5: 162.5 (162); ungraded: 158 (157.5); ISNR 20: 152 (152) and latex 60 per cent: 112 (111).