KOTTAYAM, AUG. 1:
Domestic rubber prices improved on Thursday.
On the spot, prices strengthened, tracking moderate gains on the National Multi Commodity Exchange.
Weather predictions on the resumption of rains from the beginning of the current month kept covering buyers slightly active in selected counters.
Sheet rubber firmed up to Rs 194.50 (Rs 194) a kg, according to traders.
The grade was flat at Rs 194 both at Kottayam and Kochi, as reported by the Rubber Board. The trend was mixed.
August futures improved to Rs 194.60 (Rs 192.09), September to Rs 183.85 (Rs 179.96), October to Rs 173.50 (Rs 169.45), November to Rs 167.80 (Rs 164.75) and December to Rs 168 (Rs 164.55) on the NMCE. RSS 3 (spot) closed at Rs 150.07 (Rs 147.41) at Bangkok.
August futures closed at ¥ 245 (Rs 150.03) on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg): RSS-4: 194.50 (194); RSS-5: 190 (189); Ungraded: 180 (179); ISNR 20: 177 (177) and Latex 60 per cent: 161 (161).
Source: The Hindu
