Spot rubber prices were steady on Monday. Most counters continued to remain unchanged amidst low volumes despite a weak closing in the rubber futures on the National Multi Commodity Exchange.
The trend was partially mixed as latex declined further on extremely low demand. Sheet rubber was quoted flat at ₹130 a kg by traders and the Rubber Board. The grade closed unchanged at ₹127 a kg. The September futures weakened to ₹128.90 (129.11), October to ₹127.50 (128.05) on the NMCE. RSS 3 (spot) firmed up to ₹110.83 (109.94) at Bangkok.
The August futures expired at ¥190 (₹110.76) while the September futures improved to ¥192 (₹111.92) on the Tokyo Commodity Exchange. Spot rubber rates (₹/kg): RSS-4: 130 (130); RSS-5: 126 (126); Ungraded: 118 (118); ISNR 20: 111.50 (111.50) and Latex 60%: 91 (92).
– The Hindu
