KOTTAYAM, JULY 23:
Spot rubber improved despite declines in domestic futures on Tuesday. Major manufacturers were reported to be buyers up to Rs 195 a kg for RSS 4 . The commodity moved up even further on panic covering purchases as supply concerns continued to haunt the overall sentiments.
Sheet rubber flared up to Rs 198 (Rs 194), according to traders. The grade improved to Rs 195 (Rs 193.50) both at Kottayam and Kochi as reported by the Rubber Board.
August futures weakened to Rs 191.35 (Rs 195.96); September Rs 181.48 (Rs 185.60); October Rs 170.90 (Rs 175.35); November Rs 163.43 (Rs 166.80) and December to Rs 163 (Rs 166.06) on the National Multi Commodity Exchange.
July futures closed at ¥249.5 (Rs 149.16) on the Tokyo Commodity Exchange.
Spot rubber rates/kg were: RSS-4: 198 (194.00); RSS-5: 190 (188); Ungraded: 180 (177); ISNR 20: 180 (177) and Latex 60%: 162 (158).
Source: Business Line
