Physical rubber prices ruled steady on Thursday. The local market failed to recover in tune with the domestic futures market which pared early losses partially during late trading hours. The stalemate continued though the procurement process has begun. Procurement is expected to gather momentum over the next couple of days. Volumes were extremely dull.
Sheet rubber was quoted unchanged at ₹146.50 a kg, by traders. The grade closed flat at ₹147 and ₹144 respectively, according to the Rubber Board and dealers.
March futures improved to ₹146 (₹143.31), April to ₹151.95
(₹149.01), May to Rs.155.31 (₹152.03), June to Rs.157.40 (₹154.57) and July to Rs.157.80 (₹155.45) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up to ₹140.08 (₹136.69) at Bangkok. March futures closed at ¥248.0 (₹147.79) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) were: RSS-4: 146.50 (146.50); RSS-5: 144 (144); Ungraded: 141.50 (141.50); ISNR 20: 142.50 (142.50) and Latex 60%: 112.50 (112.50).
The Hindu
