KOTTAYAM, APRIL 12:
Spot rubber continued to remain unchanged on Friday. Traders seemed to be hesitant to make fresh commitments since trendsetting international markets were quoted much below the local rates. According to sources, any bulk purchase from the tyre sector would trigger a sharp increase in prices amidst short supplies and hence they keep a very low profile in the commodity.
Sheet rubber closed steady at Rs 165 a kg both at Kottayam and Kochi, according to traders and the Rubber Board. The volumes were extremely poor.
RSS 4 weakened marginally at its April series to Rs 161.10 (161.25), May to Rs 163.16 (163.19), June to Rs 163.01 (163.18) July to Rs 162.02 (162.57) and August to Rs 161 (161.22) a kg on the National Multi Commodity Exchange (NMCE).
The April futures for RSS 3 slid to ¥265 (Rs 145.85) from ¥265.2 a kg during the day session but then bounced back to ¥265.5 (Rs 146.12) in the night session on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg): RSS-4: 165 (165); RSS-5: 161.50 (161.50); Ungraded: 157 (157); ISNR 20: 153 (153) and Latex 60 per cent: 109 (109).
Source: Business Line
