KOTTAYAM, JAN. 30:
Physical rubber prices were almost steady on Wednesday. Moderate declines in domestic futures and the absence of fresh enquiries from major consuming industries dampened the market mood on late trades, but the prices managed to sustain at the prevailing levels due to low supplies. The trend was partially mixed.
Sheet rubber finished unchanged at Rs 158 a kg at Kottayam and Kochi, according to traders and the Rubber Board. The volumes were dull.
In futures, the February series weakened to Rs 155.51 (157.25), March to Rs 157.66 (159.24), April to Rs 161 (162.51), May to Rs 164.25 (165.69) and June to Rs 166.72 (167) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) slipped to Rs 174.64 (174.68) a kg at Bangkok. The February futures improved to ¥292.8 (Rs 171.13) from ¥290.4 during the day session and then to ¥293 (Rs 171.27) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 158 (158); RSS-5: 152.50 (152.50); ungraded: 146 (146); ISNR 20: 153 (154) and latex 60 per cent: 104 (104).
Source: Business Line
