Spot rubber prices improved on Monday.
Though there was no visible change in the fundamental or technical situation of the commodity, most counters strengthened as sellers stayed away following overall gains in the futures on the National Multi Commodity Exchange (NMCE). The trend was partially mixed.
Sheet rubber was quoted firm at ₹140 (138.50) a kg by traders.
The grade improved to ₹139.50 (139) and ₹136.50 (136) respectively, according to Rubber Board and dealers.
May futures increased to ₹139.50 (136.96), June to ₹143 (141.57), July to ₹144.80 (143.06) and August to ₹144.89 (142.80) a kg while the Rubber Mini May futures weakened to ₹136.50 (136.75) on the NMCE.
RSS 3 (spot) rebounded to ₹122.45 (120.79) a kg at Bangkok. The May futures remained inactive on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg): RSS-4: 140 (138.50); RSS-5: 136.50 (135); Ungraded: 133 (131); ISNR 20: 130.50 (130) and Latex 60%: 112 (112).
– The Hindu
