KOTTAYAM, MAY 14:
Physical rubber prices were mostly steady on Tuesday. Major counters remained unchanged on buyer resistance as the reports from the domestic futures were not so impressive.
But ISNR 20 and latex posted marginal gains on comparatively better demand. The overall volumes were dull.
Meanwhile, the key Tokyo rubber futures fell on profit taking after gaining consistently for five sessions to a two-month high while a halt in the yen’s decline against the dollar also weighed on.
Sheet rubber finished flat at Rs 171 a kg, according to traders.
The grade improved to Rs 171 (Rs 170.50) a kg, as reported by the Rubber Board.
In the futures market, May contracts inched up to Rs 170.10 (Rs 169.24), June to Rs.169.36 (Rs 169.17), July to Rs.168.40 (Rs 168.22) and August to Rs 166.97 (Rs 166.87) while the September futures dropped to Rs 163.70 (Rs 166.16) on the National Multi Commodity Exchange.
RSS 3 (spot) slipped to Rs 166.08 (Rs 166.90) at Bangkok.
The May futures were at ¥274.2 (Rs.147.70) on the Tokyo Commodity Exchange Physical rubber rates/kg were: RSS-4: 171 (171); RSS-5: 167 (167); Ungraded: 162 (162); ISNR 20: 162 (161); and Latex 60%: 110 (108).
Source: Business Line
