KOTTAYAM, JULY 4:
Physical rubber prices were firm on Thursday.
The market continued to explore further highs ridden by an acute scarcity of the raw material.
“There is no rubber either with the dealers or growers,” a trader told Business Line.
Meanwhile, the gap between the domestic and international prices increased, paving the way for fresh imports.
The trend was partially mixed.
Sheet rubber improved to Rs 190 (189), according to traders.
The grade finished firm at Rs 189 (188), as reported by the Rubber Board.
July futures concluded at Rs 188.70 (Rs 188.37), August at Rs 182.45 (Rs 182.55), September at Rs 174.52 (Rs 175.97), October at Rs 171.40 (Rs 174.24), November at Rs 172 (174.66) and December at Rs 172 (174.46) on the National Multi Commodity Exchange. RSS 3 (spot) weakened to Rs 160.39 (Rs 161.14) at Bangkok. July futures increased to ¥241.0 (Rs 145.42) on the Tokyo Commodity Exchange.Spot rubber rates Rs/kg : RSS-4: 190 (189); RSS-5: 180 (179); Ungraded: 170 (169); ISNR 20: 170 (169) and Latex 60%: 135.50 (135.50).
Source: Business Line
