KOTTAYAM, JULY 16:
Spot rubber prices were mixed on Tuesday.
The market opened weak but a partial recovery in domestic futures catalysed the sentiments later.
The gap between the domestic and international markets continued to put pressure on the local markets, raising import possibilities.
Meanwhile, latex improved further on fresh demand amidst low supplies.
Sheet rubber closed weak at Rs 191 (Rs 192) a kg after hitting an intra-day low of Rs 190, according to traders. The grade declined to Rs 190 (Rs 192) both at Kottayam and Kochi, according to the Rubber Board.
August futures recovered to Rs 186.90 (Rs 182.34), September to Rs 177.43 (Rs 173.03), October to Rs 168.50 (Rs 166.42), November to Rs 164.25 (Rs 161.84) and December to Rs 164.50 (Rs 164) for RSS 4 on the National Multi Commodity Exchange. RSS 3 (spot) dropped to Rs 152.46 (Rs 153.26) at Bangkok.
July futures closed at ¥229.3 (Rs 136.77) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kgkg: RSS-4: 191 (192); RSS-5: 186 (186); Ungraded: 175 (175); ISNR 20: 176 (176) and Latex 60%: 145 (143).
Source: Business Line
