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India: Mixed trend in spot rubber


The spot rubber market was mixed on Tuesday with prices of sheet rubber firming up on covering purchases. Prices of latex dropped on lower demand.

There was partial recover in the futures market, while ungraded rubber prices continued to rise on moderate enquiries from the non-tyre sector.

RSS 4 prices improved to Rs 121 from Rs 120 and Rs 120.50 a kg, respectively, according to traders and the Rubber Board. The grade closed marginally higher at Rs 118 (Rs 117.50) as quoted by the dealers.

October futures increased to Rs 121.45 (Rs 120.34), November to Rs 119.25 (Rs 118.14), December to Rs 118.85 (Rs 117.88), January to Rs 118.60 (Rs 117.65) and February to Rs 119.40 (Rs 117.66) on the National Multi Commodity Exchange RSS 3 (spot) inched up to Rs 94.78 (Rs 94.56) at Bangkok. October futures closed at ¥172 (Rs 97.29) on theTokyo Commodity Exchange. Spot rubber rates (Rs / kg) were: RSS-4: 121 (120); RSS-5: 115.50 (115); Ungraded: 106 (105); ISNR 20: 105 (104) and Latex (60% drc): 85 (86).

 – The Hindu

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