Mixed trend in spot rubber on Jan. 9, 2013

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KOTTAYAM, JAN. 9: 

Spot showed a mixed trend on Wednesday. The undercurrent appeared weak following the overall declines in domestic futures on the National Multi Commodity Exchange. The absence of genuine and quantity buyers continued to cast its shadow over the sentiments. Meanwhile, growers preferred to hold their produce as the peak production season is almost at its final lap.

Sheet rubber slipped to Rs 163 (163.50) a kg as quoted by the traders. The grade continued to rule flat at Rs 163 a kg at Kottayam and Kochi, according to Rubber Board.

The January series dropped to Rs 164.74 (166.22), February to Rs 167.10 (168.82) and March to Rs 170.05 (171.64) a kg, while the April, May and June series remained inactive on the NMCE.

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RSS 3 (spot) recovered to Rs 185.03 (183.42) a kg at Bangkok. The January futures improved to ¥293.7 (Rs 184.13) from ¥291 during the day session and then to ¥296 (Rs 185.66) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 163 (163.50); RSS-5: 158 (158); ungraded: 152 (153); ISNR 20: 155 (154) and latex 60 per cent: 108 (108).

 Business Line

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