KOTTAYAM, OCT. 22:
Spot rubber prices recorded moderate losses on Monday. Absence of genuine buyers and the wide gap between the domestic and international markets dominated local sentiments, putting further pressure on the prices. The trend was partially mixed and volume low.
Sheet rubber weakened to Rs 180 (Rs 183) a kg, according to traders. The grade slipped to Rs 180.50 (Rs 183.00) a kg at Kottayam and Kochi, according to the Rubber Board.
In the futures market, November contracts closed at Rs 179.40 (Rs 179.16), December Rs 180.48 (Rs 180.11), January Rs 182.55 (Rs 181.99), February Rs 183.21 (Rs 183.85), and April at Rs 185.18 (Rs 188.00) a kg while the March series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) moved down to Rs 167.59 (Rs 169.08) a kg at Bangkok. The October futures dropped to ¥245.0 (Rs 164.42) from ¥248.0 a kg during the day session but then recovered partially to ¥245.8 (Rs 164.94) in the night session on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg) were: RSS-4: 180 (183); RSS-5: 175 (176); ungraded: 168 (168); ISNR 20: 162 (164) and latex 60%: 120 (120).
Source: Business Line
