KOTTAYAM, FEB. 18:
Spot rubber was mixed on Monday.
There were no fresh enquires from major consuming industries to trigger a bullish trend in the market but selected counters recovered partially on covering purchases at lower levels.
The transactions continued to be dull.
Sheet rubber improved to Rs 157.00 (156.50) a kg, according to traders.
The grade closed unchanged at Rs 157. both at Kottayam and Kochi, as reported by the Rubber Board.
In the futures market, March contracts inched up to Rs 158.35 (158.20); April Rs 162.00 (161.86) and May Rs 166.21 (164.96) while June and July contracts remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) closed marginally higher at Rs 176.71 (176.59) a kg at Bangkok. February futures increased to ¥309.30 (Rs 178.65) from ¥ 306.00 a kg during the day session but then fell back to ¥ 306.00 (Rs 176.80) in the night session on the Tokyo Commodity Exchange.
Spot rates Rs/kg: RSS-4: 157 (156.50); RSS-5: 152 (152); Ungraded: 147 (146); ISNR 20: 152 (152) and Latex 60%: 100 (101).
Source: Business Line
