The Hindu Business Line : Rubber prices remain firm

THE domestic rubber prices were almost steady on Thursday. The only gainer of the day was RSS 5, which improved by 50 paise on moderate enquiries from the non-tyre sector.

The volumes continued to be moderate as most of the buyers were hesitant to enlarge their commitments, but slightly improved selling pressure from dealers and growers kept the market under pressure throughout the morning session. Sheet rubber RSS-4 closed unchanged at Rs 67 a kg at Kottayam.

The futures market showed a weak trend quoting the August contract at Rs 66.39 (Rs 65.41), September contract at Rs 63.20 (Rs 63.36), October contract at Rs 60.41 (Rs 60.64) and November contract at Rs 59 (Rs 59) per kg for RSS-4. The trading volumes totalled at 912 lots registering 736 lots in August, 144 lots in September and 25 lots in October.

At TOCOM, the August futures for RSS 3 closed at 201.5 yen a kg against 201.4 yen on Wednesday.

Spot rubber prices a kg were: RSS-4 Rs 67 (Rs 67); RSS-5 Rs 64.50 (Rs 64); ungraded Rs 61 (Rs 61); ISNR 20 Rs 60 (Rs 60); and latex 60 per cent Rs 41 (Rs 41).

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