KOTTAYAM, JAN. 28:
Spot rubber closed unchanged on Monday. Another weak closing in the domestic futures and the absence of genuine buyers kept the commodity under pressure during the day.
But the prices sustained at the existing levels as growers continued to hold their produce expecting better rates in the long run.
“The market is almost deserted and inactive,” an observer said.
Sheet rubber ended steady at Rs 159 a kg, according to traders. The grade slipped to Rs 159.50 (160) a kg both at Kottayam and Kochi, according to the Rubber Board.
The February series weakened to Rs 156.93 (158.96), March to Rs 159 (161.21), April to Rs 162.50 (164.47), May to Rs 164.15 (168.42) and June to Rs 167.97 (170.22) a kg while the July series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) dropped to Rs 176.38 (177.06) a kg at Bangkok.
The February futures declined to ¥ 293.4 (Rs 174.46) from ¥ 296.7 during the day session and then to ¥291.5 (Rs 173.34) in the night session on Tokyo Commodity Exchange.
Spot rates (Rs/kg): RSS-4: 159 (159); RSS-5: 153 (153); Ungraded: 147.50 (147.50); ISNR 20: 155 (155) and Latex 60 per cent: 105 (105).
Source: Business Line
