KOTTAYAM, DEC 24:
Spot rubber ruled steady on Monday. The market appeared to be in a holiday mood prior to Christmas. The volumes were extremely thin and practically there were no buyers or sellers in the local market to set a definite trend in the commodity.
Sheet rubber closed unchanged at Rs 159 a kg at Kottayam and Kochi, according to traders and the Rubber Board.
The domestic spot and futures markets will remain closed on Tuesday owing to Christmas.
In futures, the January futures improved to Rs 160.50 (158.85), February to Rs 162.75 (161.13) and March Rs 165.76 (163.98) while the May contracts slipped to Rs 170.00 (170.08) and the April and June futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) increased marginally to Rs 173.67 (173.49) at Bangkok. The Tokyo Commodity Exchange (TOCOM) remained closed on account of the ‘Substitute Holiday for the Emperor’s Birthday’.
Spot rubber rates Rs/kg were: RSS-4: 159 (159); RSS-5: 153 (153); Ungraded: 148 (148); ISNR 20: 149 (149); and Latex 60%: 105 (105.00).
Source: Business Line
