KOTTAYAM, MARCH 6:
Spot rubber improved on Wednesday. The market continued to post moderate gains on fresh buying and short covering reacting favourably to the news and expectations specific to the commodity.
According to observers, sellers preferred to stay back despite a weak closing on the National Multi Commodity Exchange (NMCE). The trend was partially mixed.
Sheet rubber finished unchanged at Rs 159.00 a kg as quoted by the traders. The grade increased to Rs 159.00 (Rs 158.00) both at Kottayam and Kochi according to the Rubber Board.
In futures, the March series closed steady at Rs 158.40 (Rs 158.40) while the April series weakened to Rs 162.07 (Rs 162.94), May to Rs 165.40 (Rs 166.33) and June to Rs 168.42 (Rs 168.77) on the NMCE.
RSS 3 (spot) slid to Rs 164.17 (Rs 164.30) at Bangkok. March futures dropped to ¥271.5 (Rs 159.38) on the Tokyo Commodity Exchange (TOCOM).
The spot rubber rates Rs/kg were: RSS-4: 159.00 (159.00); RSS-5: 155.00 (154.00); Ungraded: 152.00 (151.00); ISNR 20: 155.00 (154.00) and Latex 60%: 102.00 (101.00).
Source: Business Line
