KOTTAYAM, MAY 15:
Spot rubber was mixed on Wednesday.
Declines in the domestic and international markets kept the local prices under pressure.
Sentiments remained neutral following the absence of genuine buyers at higher levels amidst low supplies.
In the global scene, TOCOM rubber futures continued to extend Tuesday’s two per cent fall following a pause in the yen’s decline against the dollar.Sheet rubber finished flat at Rs 171 a kg both at Kottayam and Kochi, according to traders and the Rubber Board. Volumes were dull.
May futures weakened to Rs 169.25 (Rs 170.03); June to Rs 168.85 (Rs 169.14) and July to Rs.167.89 (Rs 168.40) while August contracts improved to Rs 167.00 (Rs 166.86) and September to Rs 164.63 (Rs 163.70) on the National Multi Commodity Exchange (NMCE).
RSS 3 (spot) dropped to Rs 165.64 (Rs 166.08) at Bangkok.
May futures declined to ¥267.8 (Rs 142.95) on the Tokyo Commodity Exchange Spot rubber rates Rs/kg were: RSS-4: 171(171); RSS-5: 168 (167); Ungraded: 161 (162); ISNR 20: 162 (162) and Latex 60%: 110 (110).
Source: Business Line
