Domestic rubber prices ruled firm on Thursday. On the spot market, prices gained strength following a better closing on the National Multi Commodity Exchange.
According to observers, major consuming industries were buyers of RSS 4 grade as arrivals continued to be low in the local trading houses.
Growers still refrain from tapping as prices are running low and an immediate recovery is essential to maintain the availability of the raw material, they said.
Sheet rubber improved to ₹142 (₹141) a kg, according to traders and the Rubber Board.
The grade firmed up to ₹139 (₹138), as quoted by the dealers.
May futures increased to ₹141 (₹140.23), June to ₹144 (₹142.34), July to ₹145.50 (₹144.02) and August to ₹144.32 (₹143.64) while the Rubber mini May futures flared up to ₹144 (₹140) on the National Multi Commodity Exchange.
RSS 3 (spot) was quoted firm at ₹124.64 (₹123.22) at Bangkok. May futures closed at ¥193.2 (₹112.20) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg) were: RSS-4: 142 (141); RSS-5: 139 (138.50); Ungraded: 136 (135.50); ISNR 20: 133.50 (132) and Latex 60%: 113 (112).
– The Hindu
