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Agri-Biz & Commodities - Rubber


Mixed trend in spot prices

Our Correspondent

Kottayam , Aug. 11

SPOT rubber showed a mixed trend on Thursday. The worst sufferers were ungraded rubber and RSS 5, which lost mainly in the absence of enquires from the non-tyre and north Indian sectors.

The other grades were steady while the market appeared to be in passive mood though RSS 3 lost heavily to Rs 70.65 from Rs 72.50 a kg at Bangkok spot. Sheet rubber closed flat at Rs 61.50 at Kottayam and Kochi with dull trading volumes. Major manufacturers and exporters continued to sideline the market while the selling from dealers and growers slowed down on slightly positive Japanese futures and scattered overnight rains.

The domestic rubber futures continued to remain firm quoting the August contract at Rs 60.92 (Rs 60.78), September at Rs 61.25 (Rs 60.75), October at Rs 59.20 (Rs 58.69) and November at Rs 58.50 (Rs 57.94) per kg for RSS 4. The volumes recorded till 2 p.m were low at 1,235 lots, trading 35 lots in August, 1,076 lots in September, 109 lots in October and 15 lots in November.

The spot prices were RSS-4: Rs 61.50 (Rs 61.50); RSS-5: Rs 57 (Rs 58); ungraded: Rs 54.50 (Rs 55); ISNR 20: Rs 56 (Rs 56); and latex 60 per cent: Rs 39 (Rs 39).

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