KOTTAYAM, DEC. 6:
Rubber market declined further on Thursday on fears of improved arrivals during the peak production. Certain dealers booked losses as they had huge stocks bought at higher rates. There were no genuine enquiries in the commodity and it was almost impossible to find out a quantity buyer even at lower levels. Sheet rubber declined to Rs 160 a kg both at Kottayam and Kochi from Rs 171 and Rs 172 a kg respectively, according to traders and the Rubber Board. The trend was partially mixed.
The December series weakened to Rs 161.50 (165.23), January to Rs 163.25 (167.27), February to Rs 166 (169.68), March to Rs 168.25 (171.33) and May to Rs 178 (184.75) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) inched up to Rs 165.25 (165.17) a kg at Bangkok.
The December futures slipped to ¥ 251 (Rs 164.71) from ¥ 251.5 during the day session but then recovered to ¥ 251.6 (Rs 165.10)
in the night session on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg): RSS-4: 160 (161); RSS-5: 155 (156); Ungraded: 150 (151); ISNR 20: 155 (156) and Latex 60 per cent: 106 (106).
Source: Business Line
