The Hindu Business Line : Spot rubber rules steady

Physical rubber prices were almost steady on Monday. The market did not respond to the fall in the global market in view of concerns over supply, sources said. RSS 4 ruled static at Rs 79 a kg, while ungraded rubber firmed up on moderate enquires from the non-tyre sector.

Futures weak

On the futures front, rubber weakened driven by another fall in trend setting Japanese markets and crude oil. The December contract on MCX declined to Rs 78.48 from Rs 78.51 a kg (285 lots) for RSS 4.

The December delivery contract for the grade moved down to Rs 78.30 (Rs 78.98) a kg on NMCE. The January contract finished at Rs 79.15 (Rs 79.83), February at Rs 80.61 (Rs 81.18) and March at Rs 82.08 (Rs 82.50) per kg, while the volumes totalled 1,459 (1,086) tonnes.

The per kg spot prices were: RSS-4: Rs 79 (Rs 79); RSS-5: Rs 77 (Rs 77); ungraded: Rs 75 (Rs 74); ISNR 20: Rs 77 (Rs 77); and Latex 60 per cent: Rs 50.50 (Rs 50.50).

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