KOTTAYAM, FEB. 5:
Physical rubber prices finished steady on Tuesday. There were no fresh factors to set a specific trend in the market, while the prices remained neutral amidst scattered transactions.
Meanwhile, the key TOCOM rubber futures retreated marginally after hitting a ten month high on Monday as yen recovered the recent losses partially and stock markets fell on renewed worries over the euro zone. Sheet rubber closed unchanged at Rs 157.50 a kg, according to traders. The grade slipped to Rs 157 (157.50) a kg at Kottayam and Kochi, according to the Rubber Board.
In futures, the February series improved to Rs 158.87 (158.48), March to Rs 161.37 (160.97), April to Rs 164.15 (163.94) May to Rs 166.98 (166.20), June to Rs 169.64 (167.84) and July to Rs 176.17 (173.90) a kg on the National Multi Commodity Exchange.
The February futures for RSS 3 slipped to ¥309.2 (Rs 176.90) from ¥310.2 a kg during the day session but then improved to ¥311 (Rs 177.93) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 157.50 (157.50); RSS-5: 152.50 (152.50); ungraded: 147.50 (147. 50); ISNR 20: 153 (153) and latex 60 per cent: 103.50 (103.50).
Source: Business Line
