KOTTAYAM, FEBRUARY 21:
Spot rubber prices finished weak on Friday. The market remained under pressure on buyer resistance and overall sentiments were visibly bearish as most traders were reluctant to enlarge their commitments. Sheet rubber declined to Rs147.50 (149) a kg, according to traders. The grade dropped to Rs148 (Rs150) and Rs145 (Rs147) respectively, as reported by the Rubber Board and dealers.
In futures, the March contracts closed at Rs147.70 (147.82), April at Rs152.99 (152.53), May at Rs155.40 (155.43), June at Rs157 (157.91) and July at Rs158.74 (159.81) on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs136.19 (137.36) at Bangkok. The February futures slipped to ¥218.8 (Rs132.57) from ¥220 on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg) were: RSS-4: 147.50 (149); RSS-5: 147 (148); Ungraded: 144 (146); ISNR 20: 147 (149) and Latex 60%: 120 (121).
The Hindu
