Spot rubber prices were unchanged on Monday. The market was almost inactive as most traders preferred to stay away in view of the current financial year coming to an end.
According to sources, the market remained under pressure following another weak closing in domestic futures. Sheet rubber finished flat at ₹149.50 a kg, according to traders.
The grade was quoted steady at ₹149 and Rs.146respectively, by the Rubber Board and dealers.
April futures weakened to ₹146.50 (₹147.83) May to ₹150.75 (₹151.82), June to ₹153.81 (₹154.59) and July to ₹155.75 (₹156.25) while the August and September futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) firmed up to ₹140.10 (₹139.41) at Bangkok. April futures closed at ¥250.8 (₹145.77) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg) were: RSS-4: 149.50 (149.50); RSS-5: 145.50 (145.50); Ungraded: 142 (142); ISNR 20: 142 (142) and Latex 60%: 111 (111).
The Hindu
