The Hindu Business Line : Spot rubber stays steady

Kottayam, April 18 Spot rubber rates were almost steady on Friday. RSS 4, the only loser of the day shed 50 paise to close at Rs 110.50 a kg followed by moderate selling from certain dealers at higher levels.

According to observers a major tyre manufacturer was buyer on the grade at the quoted level. The volumes were better. In the international scene RSS 3 slipped at its May futures to ¥286.2 (Rs 110.26) from ¥286.6 a kg at TOCOM.

Futures closed

The futures markets remained closed on account of Mahavir Jayanthi on National Multi-Commodity Exchange (NMCE). The markets would resume trading on Saturday. The absence of domestic futures kept the physical market slightly under pressure, an analyst said.

Spot prices were (Rs/kg): RSS-4: 110.50 (111); RSS-5: 108.50 (108.50); ungraded: 106.50 (106.50); ISNR 20: 107 (107) and latex 60 per cent: 72.50 (72.50).

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