KOTTAYAM, MAY 8:
Physical rubber prices were almost steady on Wednesday.
The prices managed to sustain at the prevailing levels following a partial recovery in domestic futures and another firm closing in the global trendsetters.
Meanwhile ISNR 20 and latex continued to post moderate gains on low supplies. The trend was mixed.
Sheet rubber closed steady at Rs.167.00 a kg both at Kottayam and Kochi according to traders and the Rubber Board. The volumes remained comparatively low.
The May futures improved to Rs 166.55 (Rs 165.08), June to Rs 166.85 (Rs 164.98), July to Rs 164.79 (Rs 162.93) and August to Rs 163.01 (Rs 161.09) a kg while the September futures remained inactive on the National Multi Commodity Exchange (NMCE).
RSS 3 (spot) closed firm at Rs 163.54 (Rs 162.45) at Bangkok.
The May futures closed at ¥267.1 (Rs 146.13) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 167.00 (167); RSS-5: 163.00 (163.); Ungraded: 157.00 (157); ISNR 20: 157.50 (156.50) and Latex 60%: 106.00 (105.)
Source: The Hindu Business Line
