KOTTAYAM, APRIL 17:
Spot rubber slipped further on Wednesday. Declines in the domestic and international futures and the absence of buyers continued to depress the local sentiments.
There were no fresh factors either technical or fundamental to trigger a positive trend in the commodity and hence an immediate recovery in prices may not be possible.
Sheet rubber dropped to Rs 160 (162) a kg, according to traders. The grade weakened to Rs 161 (162.50) a kg at Kottayam and Kochi as quoted by the Rubber Board.
The May series declined to Rs 156 (159.08), June to Rs 155.78 (157.89), July to Rs 155.25 (157.42) and August to Rs 153.25 (156.90) a kg for RSS 4 on the National Multi Commodity Exchange.
RSS 3 (spot) surrendered to Rs 153.88 (157.23) a kg at Bangkok .
The April futures for the grade slid to ¥239.1 (Rs 132.07) from ¥244 during the day session and then to ¥238 (Rs 131.44) in the night session on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg): RSS-4: 160 (162); RSS-5: 157 (158); Ungraded: 151 (153); ISNR 20: 149 (151) and Latex 60 per cent: 106 (107).
Source: Business Line
