KOTTAYAM, AUG. 7:
Spot rubber finished unchanged despite a firm closing on NMCE. Though rains subsided since the past 12 hours, the commodity remained neutral as there were no fundamental or technical changes in the market to trigger a definite trend. The absence of genuine buyers and sellers kept the trading activities in a very low profile.
Sheet rubber finished steady at Rs.195.50 a kg both at Kottayam and Kochi according to traders and the Rubber Board.
In futures, the August contracts improved to Rs.196.00 (194.82), September to Rs.185.39 (183.86), October to Rs.176.25 (174.56), November to Rs.170.00 (167.87) and December to Rs.170.00 (167.52) per kg on National Multi Commodity Exchange (NMCE).
RSS 3 (spot) increased to Rs. 152.87 (149.52) a kg at Bangkok. The August futures for the grade weakened to ¥ 245.5 (Rs.154.64) from ¥ 247.3 per kg during the day session but then recovered partially to ¥ 246.1 (Rs.155.05) per kg in the night session on Tokyo Commodity Exchange.
The spot rubber rates per kg were:
RSS-4: 195.50 (195.50)
RSS-5: 191.50 (191.50)
Ungraded: 181.00 (181.00)
ISNR 20: 177.00 (177.00)
and
Latex 60%: 163.00 (163.00)
Source: The Hindu
