Physical rubber prices strengthened on Monday. Sharp gains in stock markets and moderate recovery in domestic futures market kept the sentiments bullish during the day.
According to market circles, there were no enquiries from the tyre sector probably due to the wide gap between the local and international prices. Sheet rubber improved to ₹145 (₹142) a kg, according to traders. The grade firmed up to ₹144 (₹142) and ₹141 (₹139) respectively, as reported by the Rubber Board and dealers.
June futures flared up to ₹148.79 (₹144.46), July to ₹150 (₹145.70), August to ₹149.50 (₹145.45) and September to ₹148.70 (₹145) on the National Multi Commodity Exchange. RSS 3 (spot) weakened to ₹122.93 (₹123.56) at Bangkok. May futures closed at ¥197.8 (₹114.35) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg) were: RSS-4: 145 (142); RSS-5: 141 (140); Ungraded: 137 (136); ISNR 20: 136 (133.50) and Latex 60%: 115 (113).
– The Hindu
