Physical rubber prices were mixed on Monday. Major counters including RSS 4 finished steady in the absence of follow up buying, while ISNR 20 and latex made moderate gains on enquiries at lower levels. “With the global market currently in a state of oversupply and slow growth in demand, rubber is likely to rule steady in the coming months unless some of the bullish or bearish factors begin to play,” analysts said.
Sheet rubber closed unchanged at ₹140 a kg, according to traders. The grade improved to ₹139.50 (₹138.50) and ₹136.50 (₹135.50) respectively, according to the Rubber Board and dealers. May futures improved to ₹142.10 (₹139.57), June to ₹144.99 (₹142.33), July to ₹146 (₹143.52) and August to ₹143.51 (₹142.38) while the Rubber Mini May futures closed firm at ₹141.99 (₹138.34) and June at ₹141.61 (₹141.34) on the National Multi Commodity Exchange. RSS 3 (spot) firmed up to ₹127.11 (₹126.62) at Bangkok. May futures closed at ¥205.0 (₹121.40) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg) were: RSS-4: 140 (140); RSS-5: 135.50 (135.50); Ungraded: 131 (131); ISNR 20: 127.50 (126.50) and Latex 60%: 111 (110).
– The Hindu
