KOTTAYAM, JAN 3:
The rubber market made overall gains on Thursday. A moderate recovery in Bangkok spot and another firm closing in domestic futures catalysed the sentiments further.
According to observers, export possibilities following the widening gap between the domestic and international prices and the absence of sellers in the local markets kept the commodity firm.
Sheet rubber improved to Rs 164 (Rs 162) a kg, according to traders. The grade firmed up to Rs 163 (Rs 162) at Kottayam and Kochi, as quoted by the Rubber Board.
The January series increased to Rs 167.90 (Rs 166.04); February Rs 170.60 (Rs 168.68); March Rs 173.52 (Rs 171.72) and May Rs 179.95 (Rs 177.37) while the April and June series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) finished firm at Rs 180.45 (Rs 178.76) at Bangkok.
Spot rubber rates (Rs/per kg) were: RSS-4: 164.00 (162.00); RSS-5: 158.00 (157.00); Ungraded: 154.00 (152.00); ISNR 20: 153.00 (151.50) and Latex 60%: 108.00 (105.50).
Source: Business Line
