KOTTAYAM, MAY16:
Rubber prices remained subdued on Thursday. Another weak closing in the domestic and international trend setters and the absence of follow-up buyers kept the local market under pressure. The trend was partially mixed as ISNR 20 and latex finished flat amidst scattered transactions. The overall sentiments were slightly bearish.
Sheet rubber weakened to Rs 170 (Rs 171) a kg, according to traders. The grade slipped to Rs 170.50 (171) both at Kottayam and Kochi, according to the Rubber Board.
The June futures slipped to Rs 167.20 (Rs 168.96), July to Rs 166.16 (Rs 167.96) and August to Rs 164.80 (Rs 167.35) while the September and October futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 164.54 (Rs 165.64) at Bangkok. The May futures moved down to ¥270.1 (Rs 144.32)on the Tokyo Commodity Exchange
Spot rubber rates Rs/kg were: RSS-4: 170 (171); RSS-5: 167 (168); Ungraded: 160 (161); ISNR 20: 162 (162) and Latex 60%: 110 (110).
Source: Business Line
