Spot rubber stays flat on Feb. 6, 2013

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KOTTAYAM, FEB. 6: 

Spot continued to rule unchanged on Wednesday. According to sources, the market activities were in an extremely low pace following a weak closing on the National Multi Commodity Exchange. finished flat at Rs 157.50 a kg, according to traders. The grade increased to Rs 157.50 (157) a kg at Kottayam and Kochi as reported by the Rubber Board. The trend was partially mixed as ungraded rubber improved marginally on comparatively better demand.

The February series weakened to Rs 157.67 (158.78), March to Rs 159.99 (161.18), April to Rs 162.75 (164.04) and May to Rs 166 (166.80), while the June series inched up to Rs 169.90 (169.64) a kg on the NMCE.

RSS 3 (spot) firmed up to Rs 178.52 (176.93) at Bangkok. The February futures increased to ¥311 (Rs 176.61) from ¥309.2 during the day session, but then slipped to ¥310.2 (Rs 176.18) in the night session on the Tokyo Commodity Exchange.

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Spot rates were (Rs/kg): RSS-4: 157.50 (157.50); RSS-5: 152.50 (152.50); ungraded: 148 (147.50); ISNR 20: 153 (153) and latex 60 per cent: 103.50 (103.50).

Source: Business Line

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