KOTTAYAM, JAN. 8:
Physical rubber prices finished unchanged on Tuesday.
According to observers, there were no active participants in the market despite a better closing in domestic futures.
Marginal weakness in the global trendsetters and the lack of confidence among the local buyers kept the commodity under pressure during late trades. The transactions were low.
Sheet rubber continued to rule flat at Rs 163.50 a kg, according to traders. The grade closed steady at Rs 163 a kg at Kottayam and Kochi, as reported by the Rubber Board.
The January series improved to Rs 166 (165.11), February to Rs 168.70 (167.64) March to Rs 171.60 (170.53) and April to Rs 174.89 (174.48) a kg, while the May and June series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 183.42 (184.42) a kg at Bangkok. The January futures slipped to ¥291 (Rs 183.21) from ¥291.2 during the day session but then bounced back to ¥294.1 (Rs 185.15) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 163.50 (163.50); RSS-5: 158 (158); ungraded: 153 (153); ISNR 20: 154 (154) and latex 60 per cent: 108 (108).
Business Line
