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Aravindan

Kottayam, May 22 Spot rubber made handsome gains to settle at another lifetime high on Thursday. Covering groups and purchase agents remained moderately active during the session procuring the sparse arrivals to maintain the prices at higher levels. Sheet rubber RSS 4 improved to Rs 124.50 from Rs 123 a kg amidst bad volumes. There were no fresh quotes from the tyre sector, sources confirmed.

RSS 3 moved up further to Rs 131.22 (Rs 130.01) a kg (spot) at Bangkok. The grade’s May contract improved to ¥317.2 (Rs 131.87) from ¥315.3, June to ¥318.5 (Rs 316.1), July to ¥318.4 (Rs 315.9), August to ¥318.5 (Rs 316.6), September to ¥319.2 (Rs 317) and October to ¥319.6 (Rs 316.9) a kg at TOCOM.

Spot prices were (Rs/kg): RSS-4: 124.50 (123); RSS-5: 122 (120); ungraded: 117.50 (116.50); ISNR 20: 119.50 (118.50) and latex 60 per cent: 82.50 (82.50).

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