KOTTAYAM, MAY 13:
Spot rubber improved despite a weak closing in domestic futures on Monday.
According to sources, the prices improved mainly on covering purchases expecting the re-entry of major consuming industries as buyers on the commodity.
Supply concerns continued to haunt the overall sentiments once again, as the market is moving in to another low production season.
Sheet rubber increased to Rs 171.00 (Rs 169.50) a kg according to traders.
The grade closed firm at Rs 170.50 (Rs 169.00) a kg at Kottayam and Kochi as quoted by the Rubber Board. In futures, the May contracts slid to Rs 169.50 (Rs 170.17), June to Rs 169.07 (Rs 169.99), July to Rs 168.00 (Rs 168.90), August to Rs 166.39 (Rs 167.29) and September to Rs 164.77 (Rs 165.90) a kg while the October futures remained inactive on the National Multi Commodity Exchange (NMCE).
RSS 3 firmed up at its May futures to ¥278.5 (Rs 150.14) on the Tokyo Commodity Exchange.
Spot rubber rates/kg were: RSS-4: 171.00 (169.50); RSS-5: 167.00 (165.50); Ungraded: 162.00 (161.00); ISNR 20: 161.00 (158.00) and Latex 60%: 109.00 (108.00).
Source: Business Line
