KOTTAYAM, JAN. 9:
Rubber market turned better on Thursday. In spot, the prices improved on covering purchases following the early gains in the domestic and international futures. Meanwhile in the global scene, it is reported that the commodity improved on speculation that China, the world’s biggest consumer, would step up purchases before their New Year holidays which fall on February 10 and 11.
Sheet rubber increased to Rs 163.50 (Rs 163) a kg at Kottayam and Kochi according to traders and the Rubber Board. The arrivals continued to be low and the trend was mixed.
In futures, the January series inched up to Rs 164.80 (Rs 164.47), February to Rs 167.30 (Rs 167.05) and March to Rs 170.01 (Rs 169.94), while the April series slipped to Rs 174.25 (Rs 174.37) and May to Rs 177.30 (Rs 177.35) a kg on the National Multi Commodity Exchange.
RSS-3 (spot) closed at Rs 185.79 (Rs 185.03) a kg at Bangkok. The January futures firmed up to ¥298.7 (Rs 185.22) from ¥293.7 a kg during the day session and then to ¥300.5 (Rs 186.36) a kg in the night session on the Tokyo Commodity Exchange.
Spot rates (Rs/kg): RSS-4: 163.50 (163); RSS-5: 158 (158); ungraded: 153.50 (152); ISNR-20: 158 (155); and latex 60 per cent: 108 (108).
Source: Business Line
