The Hindu Business Line : Rubber prices remain static

AS major players were less interested to enhance their commitments in the prevailing uncertain market conditions, spot rubber prices continued to close static with abysmally low volumes.

According to sources, a notable change might not be possible immediately in the domestic price movements as value added tax and purchase tax issues continued to cast shadows over the trading activities. The absence of fresh, quantum buyers and sellers kept the market paralysed while sheet rubber RSS 4 closed steady at Rs. 53.50 as on Monday at Kottayam and Kochi.

The rubber futures continued to rule weak against steady TOCOM closing. The February contract was quoted at Rs 53.05 (Rs 53.50), March at Rs 54.10 (Rs 54.72), April at Rs 56.41(Rs 56.71) and May at Rs 57.60 (Rs 57.82) per kg for RSS 4.

At TOCOM, the February futures for RSS 3 improved to 127.6 yen. The Tuesday spot market rates per kg were RSS-4 Rs 53.50 (Rs 53.50), RSS-5 Rs 52 (Rs 52), ungraded Rs 51 (Rs 51), ISNR 20 Rs 51.75 (Rs 51.75) and latex 60% Rs 40 (Rs 40).

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