Physical rubber prices were mixed on Wednesday. According to sources, tyre companies kept on the sidelines as they were comfortable with imports.
Major counters remained unchanged on supply concerns while ISNR 20 and RSS 5 lost ground on buyer resistance. Volumes were dull.
Sheet rubber closed steady at ₹145 a kg, according to traders and the Rubber Board. The grade was unchanged at ₹142, according to dealers.
June futures ended at ₹144 (₹144.07), July at ₹143.49 (₹142.95), August at ₹141 (₹141.05), September at ₹139.41 (₹139.76) and October at ₹141.90 (₹140.89) on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to ₹119.06 (₹119.35) at Bangkok. June futures closed at ¥183.6 (₹106.12) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg) were: RSS-4: 145 (145); RSS-5: 142 (143); Ungraded: 137 (137); ISNR 20: 134 (135.50) and Latex 60%: 120 (120).
– The Hindu
