KOTTAYAM, MAY 10:
Spot rubber finished firm on Friday. Sharp gains in the international market and another firm closing in the domestic futures kept the local rates higher amidst supply concerns. According to observers, there were moderate enquiries from the tyre sector. Meanwhile, the key Tokyo rubber futures hit a two-month high as the dollar strengthened to its highest in over four years against the yen.
Sheet rubber improved to Rs 168.50 (Rs 167.50) a kg at Kottayam and Kochi, according to traders and the Rubber Board.
The May futures increased to Rs 168.25 (Rs 166.79); June Rs 168.75 (Rs 166.70); July Rs 167.68 (Rs 165.09); August Rs 165.75 (Rs 163.15); September Rs 164.99 (Rs 160.80) and October Rs 165.00 (Rs 163.20); for RSS 4 on the National Multi Commodity Exchange. RSS 3 (spot) firmed up further to Rs 166.90 (Rs 164.13) a kg at Bangkok. May futures flared up to ¥280.3 (Rs.151.04) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were : RSS-4: 168.50 (167.50); RSS-5: 165 (164); Ungraded: 160 (157); ISNR 20: 158.00 (157.50); and Latex 60%: 108.00 (107).
Source: The Hindu Business Line
