KOTTAYAM, AUG. 16:
The physical rubber prices declined sharply on Friday.
According to sources, there were no genuine buyers in the market but it managed to sustain at the prevailing levels on supply concerns.
Expectations of improved arrivals within a couple of weeks following a positive change in weather kept the traders on sidelines. Meanwhile, a crash in domestic stock markets dampened the sentiments further.
Sheet rubber weakened to Rs 190 (194) a kg, according to traders. The grade moved down to Rs 191 (194) both at Kottayam and Kochi, as reported by the Rubber Board.
September futures declined to Rs 181.51 (Rs 184.69), October to Rs 172.50 (Rs 175.67), November to Rs 167.50 (Rs 169.06) and December to Rs 167 (169.35) on the National Multi Commodity Exchange. RSS 3 (spot) slid to Rs 159.91 (Rs 160.25) at Bangkok.
August futures closed at ¥ 258.8 (Rs 164.01) on the Tokyo Commodity Exchange.
Spot rubber (Rs/kg): RSS-4: 190 (194); RSS-5: 188 (190); Ungraded: 179 (180); ISNR 20: 174 (175.50) and Latex 60 per cent: 163 (164).
Source: The Hindu
