Physical rubber prices were steady on Wednesday.
An almost similar trend in domestic futures and the disappointing reports from the global trendsetters kept the sentiments neutral during late trading hours.
There were no enquiries from the tyre sector but the market managed to sustain at the prevailing levels on supply concerns.
Sheet rubber finished flat at ₹145 a kg, according to the traders and the Rubber Board. The grade was quoted unchanged at ₹142 by dealers. June futures closed at ₹148.89 (₹148.70), July at ₹149.90 (₹150.22), August at ₹149 (₹149.48) and September at ₹148.50 (₹148.30) on the National Multi Commodity Exchange.
RSS 3 (spot) firmed up to ₹123.44 (₹122.53) at Bangkok. May futures closed at ¥192.8 (₹112.30) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg): RSS-4: 145 (145); RSS-5: 142 (142); Ungraded: 138 (138); ISNR 20: 137 (137) and Latex 60%: 116 (116).
– The Hindu
