KOTTAYAM, SEPT. 5:
Spot rubber finished unchanged on Thursday. The market remained neutral as there were no genuine buyers or sellers in the local trading houses though the declines in the domestic futures kept the sentiments under pressure during closing hours.
According to sources, most counters managed to sustain at the prevailing levels on acute short supplies.
Sheet rubber closed steady at Rs 186 a kg both at Kottayam and Kochi, according to traders and the Rubber Board.
The trend was partially mixed as latex continued to shed the excess gains on buyer resistance.
September futures in RSS 4 weakened to Rs 186.10 (Rs 188.09), October to Rs 185.99 (Rs 187.29), November to Rs 186.90 (Rs 188.19) and December to Rs 189 (Rs 190.79) on the National Multi Commodity Exchange.
RSS 3 (spot) declined to Rs 178.78 (Rs 180.97) at Bangkok. September futures closed at ¥272.3 (Rs 180.37) on the Tokyo Commodity Exchange.
Spot rubber rates Rs/kg were: RSS-4: 186 (186); RSS-5: 182.50 (182.50); Ungraded: 176 (176); ISNR 20: 169 (169) and Latex 60%: 138 (139).
Source: The Hindu
