KOTTAYAM, JULY 25:
Spot rubber finished almost steady on Thursday.
The market lost its direction as there were no active participants on either the buyers or sellers side to set a definite trend. Traders seemed to be waiting for a clear trend to emerge as the market fell into a corrective phase after hitting a high of Rs 198 a kg for RSS 4 on Tuesday. Meanwhile, latex continued to explore further highs on fresh demand amidst low supplies. The trend was partially mixed.
Sheet rubber was unchanged at Rs 195 according to traders. The grade dropped to Rs 194.50 (Rs 195.00) both at Kottayam and Kochi according to the Rubber Board.
August futures closed at Rs 191.60 (Rs 191.11), September at Rs 180.50 (Rs 180.95), October at Rs 170.50 (Rs 170.34) and November at Rs 165.75 (Rs 164.57) while the December futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 152.92 (Rs 153.11) at Bangkok.
July futures expired at ¥ 250.0 (Rs.148.25) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were :
RSS-4: 195 (195); RSS-5: 189 (189); Ungraded: 179 (179); ISNR 20: 180 (180) and Latex 60%: 165 (162).
Source: The Hindu
