KOTTAYAM, JAN. 31:
Spot rubber surrendered on Thursday. According to observers, the market slipped on selling from certain dealers fearing further fall in prices.
Sheet rubber weakened to Rs 156.50 (158) a kg, according to traders. The grade slipped to Rs 157 (158) a kg at Kottayam and Kochi, according to Rubber Board.
The February series dropped to Rs 155.60 (155.77), March to Rs 157.70 (157.89), April to Rs 160.60 (161.10), May to Rs 163.80 (164.35) and June to Rs 166.55 (167), while the July series increased to Rs 172.25 (169.73) a kg on the National Multi Commodity Exchange. RSS 3 (spot) slipped to Rs 174.33 (174.64) at Bangkok.
The February futures improved to ¥293.3 (Rs 171.44) from ¥292.8 during the day session, but then remained inactive in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 156.50 (158); RSS-5: 152 (152.50); ungraded: 145 (146); ISNR 20: 152 (153) and latex 60 per cent: 103 (104).
Source: Business Line
