Spot rubber continued to rule unchanged on Monday. The market was totally in a holiday mood prior to Vishu. The sentiments were neutral also in the absence of local guidance as the domestic rubber futures remained closed on NMCE owing to Dr. Ambedkar Jayanti.
Sheet rubber finished steady at Rs.145.00 a kg according to traders. The grade was quoted unchanged at Rs.142.00 a kg by dealers. RSS 3 weakened at its April futures to ¥ 223.1 (Rs. 132.29) from ¥ 223.5 per kg during the day session but then recovered partially to ¥ 223.4 (Rs.132.72) per kg in the night session on Tokyo Commodity Exchange (TOCOM).
The spot rubber rates per kg follow:
RSS-4: 145.00 (145.00) RSS-5: 141.00 (141.00) Ungraded: 135.00 (135.00) ISNR 20: 137.00 (137.00) and Latex 60%: 119.00 (119.00)
– The Hindu
