Spot rubber ends firm

Spot rubber ends firm

Kottayam, Sept 23

Spot rubber closed firm on Thursday. The market opened weak but recovered during closing hours following the sharp gains on the National Multi Commodity Exchange (NMCE). Sheet rubber finished unchanged at Rs 165 a kg after hitting a low of Rs 164.5 a kg on early trades. The grade was quoted weak at Rs 164.75 (165) a kg on the Board's Web site. The trend was mixed.

Futures gain

In futures, the October series flared up to Rs 168.5 (165.49), November to Rs 169 (165.54), December to Rs 172.35 (168.1) and January to Rs 175 (170.48) a kg for RSS 4 on the NMCE. The volumes totalled 3,580 lots and open interest 3,510 lots. The turnover was Rs 60.18 crore.

RSS 3 (spot) improved to Rs 162.36 (161.41) a kg at Bangkok. The Tokyo Commodity Exchange remained closed on account of ‘Autumnal Equinox Day'.

Spot rates were (Rs/kg): RSS-4: 165 (165); RSS-5: 161.5 (161.5); ungraded: 160 (158); ISNR 20: 158 (157) and latex 60 per cent: 114 (114).