KOTTAYAM, FEB. 4:
Spot rubber improved on Monday. Sharp gains in the global trendsetters catalysed the domestic mood and selected counters improved marginally on covering purchases at lower levels. Meanwhile, the key TOCOM rubber futures jumped more than 4 per cent on early trades as yen dropped further against dollar but the gains were shed partially on profit booking at higher levels.
Sheet rubber increased to Rs 157.50 (157) a kg at Kottayam and Kochi, according to traders and the Rubber Board. The trend was mixed.
The February series slipped to Rs 158.30 (158.97), March to Rs 160.90 (161.48), April to Rs 163.60 (164.45) May to Rs 166.10 (166.65) and June to Rs 169.70 (171.76), while the July series firmed up to Rs 173.90 (171.33) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) recovered to Rs 176.93 (173.77) at Bangkok. The February futures flared up to ¥310.2 (Rs 177.96) from ¥300.4 during the day session and then to ¥311.9 (Rs 178.96) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 157.50 (157); RSS-5: 152.50 (152.50); ungraded: 147.50 (147); ISNR 20: 153 (153) and latex 60 per cent: 103.50 (103.50).
Source: Business Line
