KOTTAYAM, MAY 9:
Physical rubber prices made further gains on Thursday. The market opened steady but a late recovery in domestic futures kept the local buyers active in most counters. The sentiments were further catalysed by firm international indices. The overall market mood was positive but the trend was partially mixed.
Sheet rubber improved to Rs 167.50 (Rs 167) a kg both at Kottayam and Kochi, according to traders and the Rubber Board.
The May futures closed at Rs 166.70 (Rs 166.46); June Rs 166.65 (Rs 166.74); July Rs 165.12 (Rs 164.78); August Rs 163.15 (Rs 163.39) and October 163.50 (Rs 163.00) while the September futures remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) increased to Rs 164.13 ( Rs 163.54) at Bangkok.
The May futures inched up to ¥266.3 (Rs.146.34)on the Tokyo Commodity Exchange
Spot rubber rates Rs/kg follow: RSS-4: 167.50 (167); RSS-5: 164.00 (163); Ungraded: 157.00 (157); ISNR 20: 157.50 (157.50); and Latex 60%: 107.00 (106).
Source: The Hindu Business Line
