The Hindu Business Line : Spot rubber rules steady

Kottayam, March 17 Spot rubber finished flat on Monday. According to sources there were no active sellers or buyers in the main marketing centres to set a specific trend and most of the traders seemed to be falling in to a holyday mood with only a few more days to Easter.

The volumes were low. RSS 4 closed unchanged at Rs 105 and Rs 105. 25 a kg respectively at Kottayam and Kochi as on the previous weekend. Declines in global futures and heavy rains since last few days kept the market mood depressed throughout the session.

April futures dip

The April futures for RSS 3 moved down to ¥278.2 (Rs 113.61) from ¥282 a kg at TOCOM . The grade closed better by 48 paise at Rs 113.96 (113.48 ) a kg at Bangkok. On NMCE, the April futures slipped to Rs 105.20 (106.08), May to Rs 107.50 (108.27), June to Rs 109.07 (109.87) and July futures to Rs 110.90 ( 111) per kg for RSS 4.The open interest was 4,180 (4,340) tonnes with 2,394 (2,444) tonnes in April, 1,059 (1,032) tonnes in May, 686 (660) tonnes in June and 41 tonnes in July. The volumes totalled 877 (660) tonnes.

Spot prices were (Rs/kg): RSS-4: 105 (105); RSS-5: 102.50 (102.50); ungraded: 100 (100); ISNR 20: 102 (102) and latex 60 per cent: 71.50 (71.50).

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