KOTTAYAM, MARCH 26:
Physical rubber prices finished weak on Tuesday. Marginal declines in the domestic and international futures kept the commodity under pressure during late trades.
The market seemed to be moving slowly to a holiday mood prior to Maundy Thursday and Good Friday. The trend was partially mixed.
Sheet rubber dropped to Rs 167.50 (Rs 168.00) a kg according to traders. The grade finished unchanged at Rs 168.00 a kg at Kottayam, according to the Rubber Board. The transactions were in a low key.
In futures, the April contracts slid to Rs 166.10 (Rs 167.28); May to Rs 170.06 (Rs 170.51); June to Rs 171.31 (Rs 171.62) and July to Rs 172.00 (172.02) per kg while the August series remained inactive on the National Multi Commodity Exchange (NMCE).
RSS 3 (spot) declined to Rs 160.43 (Rs 161.07) a kg at Bangkok. The April futures dropped to ¥263.5 (Rs 151.94) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg: RSS-4: 167.50 (168.00); RSS-5: 164.50 (165.00); Ungraded: 162.00 (162.50); ISNR 20: 162.00 (162.00) and Latex 60%: 111.00 (111.00).
Source: Business Line
