India: Spot rubber rules steady

Physical rubber prices were steady on Saturday. The weekend session was almost inactive and the market remained neutral amidst scattered transactions.

Sheet rubber closed unchanged at Rs. 163.00 per kg according to traders. The grade improved to Rs.163.00 (162.50) and Rs. 160.00 (159.50) per kg respectively as reported by the Rubber Board and dealers.

In futures, the January contracts inched up to Rs.165.70 (165.42), February to Rs.168.31 (167.88) and March to Rs.171.25 (170.97) per kg on National Multi Commodity Exchange (NMCE).

The spot rubber rates per kg were:

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RSS-4: 163.00 (163.00)

RSS-5: 155.00 (155.00)

Ungraded: 150.00 (150.00)

ISNR 20: 157.00 (157.00)

and

Latex 60%: 122.00 (122.00)

Source: The Hindu