The Hindu Business Line : Mixed trend in rubber prices

THE domestic physical rubber prices showed a mixed trend on Tuesday. The market continued to rule firm in the absence of quantity sellers while the covering groups and purchase agents were moderately active in the main marketing centres.

Sheet rubber gained further to Rs 65.50 from Rs 65 a kg on Monday. RSS 5 and latex were comparatively inactive and steady while other major grades improved on fresh buying interest. The rubber futures turned weak in NMCE as the overseas markets showed a bearish mood reacting to the decline in crude oil prices.

The November delivery contract was quoted at Rs 65.00 (Rs 65.52), December at Rs 63.85 (Rs 64.23), January at Rs 64.03 (Rs 64.36) and February at Rs 64.15(Rs 64.53) per kg for RSS 4.

The transactions till mid-session stood at 717 lots with 511 lots in November, 139 lots in December, 53 lots in January and 14 lots in February. RSS 4 declined to Rs 65.10 from Rs 65.66 a kg at its November contract in MCX. The November futures for RSS 3 closed at 197.3 yen against 197.1 yen at TOCOM. The grade was steady at Rs 76.45 a kg at Bangkok.

The spot rubber rates per kg were: RSS-4: Rs 65.50 (Rs 65); RSS-5: Rs 63 (Rs 63); Ungraded: Rs 61 (Rs 60.50); ISNR 20: Rs 63.00 (Rs 62.75) and Latex 60%: Rs 42.50 (Rs 42.50).

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