Physical rubber prices were mixed on Friday. The absence of genuine buyers and the wide gap between the global and local prices kept major counters under pressure during the day.
According to observers, the market managed to sustain at the prevailing levels on supply concerns but domestic futures pared early gains partially on late trading hours. Sheet rubber weakened to ₹144 (₹144.50) a kg, as quoted by traders. The grade finished unchanged at ₹144.50 and ₹141.50 respectively, according to the Rubber Board and dealers.
June futures firmed up to ₹142.80 (₹142.68), July to ₹142.80 (₹141.92), August to ₹139.72 (₹138.84), September to ₹139.50 (₹138.30) and October to ₹138.50 (₹137.74) on the National Multi Commodity Exchange. RSS 3 (spot) slid to ₹119.47 (₹119.61) at Bangkok. June futures closed at ¥183.8 (₹106.22) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg) RSS-4: 144 (144.50); RSS-5: 139 (140); Ungraded: 135 (135); ISNR 20: 132 (132) and Latex 60%: 120 (120).
