KOTTAYAM, DEC. 27:
Domestic rubber prices improved further on Thursday. In spot, the prices strengthened on covering purchases tracking the moderate gains on the National Multi Commodity Exchange. The sentiments were also catalysed by sustained recovery in the international markets. The absence of quantity sellers kept the commodity comparatively firm during late trading hours though there had been no fresh enquiries from major consuming industries
Sheet rubber firmed up to Rs 161 (160) a kg at Kottayam and Kochi, according to traders and the Rubber Board. The trend was partially mixed as latex continued to rule flat amidst thin volumes.
The January series improved to Rs 163.30 (162.32), February to Rs 165.75 (164.71) March to Rs 168.75 (167.94) and May to Rs 172.55 (170) a kg, while the April and June series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) finished higher at Rs 176.39 (175.09) a kg at Bangkok.
The January futures moved up further to ¥285.4 (Rs 182.87) from ¥279 a kg during the day session but then finished unchanged in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 161 (160); RSS-5: 155 (154); ungraded: 150 (149); ISNR 20: 151 (150) and latex 60 per cent: 105 (105).
Source: Business Line
