KOTTAYAM, OCT. 31:
Physical rubber prices finished almost steady on Wednesday. The market lost its direction and remained neutral in major counters following an almost similar trend in domestic futures on the National Multi Commodity Exchange. The overall sentiments were mixed as ISNR 20 and latex lost marginally on buyer resistance during late trading hours.
Sheet rubber finished unchanged at Rs 177 a kg, according to traders. The grade weakened to Rs 176.50 (177) a kg at Kottayam and Kochi as reported by the Rubber Board.
In futures, Nov contracts slipped to Rs 177.39 (177.92), Dec Rs 178.79 (179.77), Jan Rs 181 (182.20) and Feb Rs 183 (183.76) a kg; March and April stayed inactive on the NMCE.
Spot rates were (Rs/kg): RSS-4: 177 (177); RSS-5: 173 (173); ungraded: 166 (166); ISNR 20: 161 (162) and latex 60 per cent: 118 (119).
Source: Business Line
