KOTTAYAM, JULY 22:
Domestic rubber markets improved on Monday. In spot, the prices firmed up mainly on covering purchases following the moderate gains on the NMCE. But the gains in the local markets were limited as traders fear that the wide gap between the domestic and global rates might lead to further imports.
The trend was mixed as ungraded rubber finished flat amidst dull volumes.
Sheet rubber improved to Rs 194 (Rs 192) a kg, according to traders. The grade firmed up to Rs 193.50 (Rs 192.50) both at Kottayam and Kochi as quoted by the Rubber Board.
August futures increased to Rs 196 (Rs 193.31), September to Rs 185.50 (Rs 182.94), October to Rs 174.60 (Rs 172.08), November to Rs 167 (Rs 166.45) and December to Rs 165.25 (Rs 165.12) on the National Multi Commodity Exchange. July futures closed at ¥252.0 (Rs 150.19) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 194 (192); RSS-5: 188 (187); Ungraded: 177 (177); ISNR 20: 177 (175.50); and Latex 60%: 158 (155).
Source: Business Line
