Little change in spot rubber prices

Little change in spot rubber prices

Kottayam, Dec. 1

Physical rubber prices finished unchanged on Wednesday. The market lost direction as there were no quantity sellers or buyers on either side to set the trend. Sharp gains in domestic futures failed to make any visible impact on prices, possibly since most of the traders preferred to wait and watch before expanding their commitments.

Sheet rubber closed flat at Rs 195.50 a kg, according to dealers. The grade was quoted steady at Rs 196 a kg in the Board's official Web site.

Futures rebound

RSS 4 bounced back with the December series rising to Rs 198.50 (Rs 193.75), January to Rs 201.20 (Rs 196.71), February to Rs 204.50 (Rs 199.68) and March to Rs 207.98 (Rs 202.85) a kg on the National Multi Commodity Exchange.

The December futures for RSS 3 declined to ¥ 354.5 (Rs191.89) from ¥ 359.1 during the day session but then recovered marginally to ¥ 355.4 (Rs 192.38) a kg in the night session on Tokyo Commodity Exchange (TOCOM).

RSS 3 (spot) improved to Rs 200.84 (Rs 199.44) a kg at Bangkok.

Spot rubber rates (Rs/kg) were: RSS-4: Rs 195.50 (Rs 195.50), RSS-5: Rs 184.50 (Rs 184.50), ungraded: Rs 179.50 (Rs 179.50), ISNR 20: Rs 191 (Rs 191) and Latex 60 per cent: Rs 128(Rs 128)