KOTTAYAM, OCT. 18:
Physical rubber prices improved on Thursday. Widespread South-West monsoon rains especially overnight rains affected the tapping in major plantation areas creating fears on further dip in arrivals and production.
Sellers stayed back expecting a moderate recovery in prices while the sentiments were also catalysed by a firm trend in domestic futures on early trades.
Sheet rubber improved to Rs 186.00 (Rs 184.00) a kg, according to traders. The grade finished firm at Rs 185.00 (Rs 184.00) a kg at Kottayam and Kochi, as quoted by the Rubber Board.
November contracts slipped to Rs 183.80 (Rs 184.70), December to Rs 184.01 (Rs 185.67) and January to Rs 185.14 (Rs 187.15) while the February series increased to Rs 187.96 (Rs 187.86) and March to Rs 190.95 (Rs 190.04) a kg on the National Multi Commodity Exchange (NMCE).
RSS 3 (spot) firmed up to Rs 169.70 (Rs 168.81) a kg at Bangkok. The October futures increased to ¥ 256.8 (Rs 171.92) from ¥ 253.0 during the day session but then remained inactive in the night session on Tokyo Commodity Exchange (TOCOM).
Spot prices (Rs/kg): RSS-4: 186.00 (184.00); RSS-5: 178.00 (176.00); Ungraded: 171.00 (169.00); ISNR 20: 165.00 (163.00) and Latex 60%: 120.00 (119.00).
Source: Business Line
