KOTTAYAM, JULY 19:
Physical rubber market showed a mixed mood on Friday. Another bounce back in domestic futures kept the under current firm during the day. The market opened steady and improved further on fresh buying and short covering though the volumes continued to be low. While ungraded rubber and RSS 5 remained steady on buyer resistance ISNR 20 lost marginally on low demand.
Sheet rubber improved to Rs.192.00 (191.00) a kg both at Kottayam and Kochi according to traders and the Rubber Board.
The August futures firmed up to Rs.192.45 (189.85), September to Rs.182.40 (179.72), October to Rs.172.00 (171.15), November to Rs.166.50 (164.80) and December to Rs.165.90 (164.40) per kg on National Multi Commodity Exchange (NMCE).
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RSS 3 (spot) closed at Rs. 152.95 (151.16) a kg at Bangkok.
The July futures increased to ¥ 245.5 (Rs.145.80) from ¥ 241.0 per kg during the day session and then to ¥ 246.1 (Rs.146.16) per kg in the night session on Tokyo Commodity Exchange. The Key TOCOM rubber futures jumped to a six-week high catalysed by a weaker yen and higher oil prices.
The spot rubber rates per kg were:
RSS-4: 192.00 (191.00)
RSS-5: 187.00 (187.00)
Ungraded: 177.00 (177.00)
ISNR 20: 175.50 (176.00)
and
Latex 60%: 155.00 (153.00)
Source: Business Line
