KOTTAYAM, JULY 17:
Physical rubber prices were unchanged on Wednesday.
The market opened better but shed the initial gains on buyer resistance during late trading hours.
Though the under current was firm due to supply concerns, the gap between the domestic and international futures took the steam out amidst scattered transactions.
Meanwhile, latex made moderate gains on fresh demand and low supplies. The trend was partially mixed.
Sheet rubber closed steady at Rs 191 a kg after hitting an intra-day high of Rs 192, according to traders. The grade was flat at Rs 190 at Kottayam and Kochi, according to the Rubber Board.
August futures concluded at Rs 187.08 (Rs 186.87), September at Rs 177.05 (Rs 177.40), October at Rs 168.50 (Rs 168.92), November at Rs 164.68 (Rs 164.21) and December at Rs 164 (Rs 164.35) on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs 151.18 (Rs 152.46) at Bangkok.
July futures closed at ¥236 (Rs 140.87) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were : RSS-4: 191 (191); RSS-5: 186 (186); Ungraded: 175 (175); ISNR 20: 176 (176) and Latex 60 per cent: 151 (145) .
Source: Business Line
