KOTTAYAM, JAN. 2:
Spot rubber were mixed on Wednesday.
The market failed to recover in tune with the overall gains in domestic futures on buyer resistance.
Meanwhile, the supply situation continued to remain tight as farmers held back their produce expecting higher price levels in the succeeding weeks.
Sheet rubber slipped to Rs 162 (162.50) a kg, according to traders.
The grade finished unchanged at Rs 162 a kg at Kottayam and Kochi, as reported by the Rubber Board.
The January series improved to Rs 166.48 (164.44), February to Rs 169 (166.89) March to Rs 171.95 (170.00) and April to Rs 176 (175) a kg for RSS 4, while the May and June series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) increased to Rs 178.76 (177.75) a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 162 (162.50); RSS-5: 157 (157); ungraded: 152 (152); ISNR 20: 151.50 (151.50) and latex 60 per cent: 105.50 (105.50).
Source: Business Line
