KOTTAYAM, JULY 8:
Domestic rubber prices resumed their upward journey on Monday.
According to sources, sentiments were driven by acute short supplies as the inflow of the raw material continued to be dull. Though buyers were keeping a low profile, it was more than enough to absorb the extremely thin arrivals in the local scene.
Sheet rubber improved to Rs 191 (Rs 190) a kg, according to traders. The grade closed firm at Rs 190 (Rs 189), as quoted by the Rubber Board.
July futures flared up to Rs 193.30 (Rs 191.38), August to Rs 189.60 (Rs 186.54), September to Rs 182 (Rs 178.37), October to Rs 176.50 (Rs 172.50), November to Rs 174 (Rs 171.92) and December to Rs 173.10 (Rs 172) for RSS 4 on the National Multi Commodity Exchange. RSS 3 (spot) increased to Rs 160.24 (Rs 159.87) a kg at Bangkok. July futures weakened to to ¥ 237 (Rs 142.41) on the Tokyo Commodity Exchange.
Spot rubber rates (Rs/kg) were : RSS-4: 191 (190); RSS-5: 181 (180); Ungraded: 171 (170); ISNR 20: 171 (170) and Latex 60 per cent: 138.50 (136.50).
Source: Business Line
