India: Spot rubber rules steady in cautious market

KOTTAYAM, AUG. 24:

Physical rubber prices ended flat on Saturday. Sentiments remained neutral as traders were mostly not interested in enlarging their commitments in indecisive market conditions. Sheet rubber was steady at Rs 185 a kg, both at Kottayam and Kochi, according to traders and the Rubber Board.

In futures, September contracts improved to Rs 179.40 (179.09), October to Rs 175.61 (174.90), November to Rs 172.30 (171.91) and December to Rs 172.75 (172.49) a kg on the National Multi Commodity Exchange.

Spot rubber rates (Rs/kg) were: RSS-4: 185 (185); RSS-5: 182 (182); Ungraded: 174 (174); ISNR 20: 169 (169); Latex 60%: 158 (158)

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Source: THe Hindu