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Wednesday, August 17, 2022

Rubber prices rule flat in Kochi


Physical rubber prices finished unchanged on Tuesday. The sentiments were under pressure tracking the sharp declines in Tocom rubber futures and another weak closing on NMCE. But the market ended flat lacking quantity sellers and genuine buyers to set a definite trend in the commodity.

Sheet rubber closed steady at Rs 157 a kg both at Kottayam and Kochi, according to traders and the Rubber Board.

In futures, the March series weakened to Rs 157.50 (158.36), April to Rs 161.01 (162.11), May to Rs 164.50 (165.68) and June to Rs 167 (168.69) a kg on the National Multi Commodity Exchange.

RSS 3 declined at its February futures to ¥297.10 (Rs 172.35) from ¥307 a kg during the day session and then to ¥290 (Rs 168.25) a kg in the night session on Tokyo Commodity Exchange.

Spot rubber rates (Rs/kg): RSS-4: 157 (157); RSS-5: 152 (152); Ungraded: 147 (147); ISNR 20: 152 (152) and Latex 60 per cent: 100 (100).

Source: Business Line

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