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Aravindan

Kottayam, Aug. 5 Spot rubber surrendered on Tuesday. The sentiments were led by the losses in international indices which fell deeply in to the negative territory following declines in oil and precious metals futures. RSS 4 moved down to Rs 136 from Rs 137.50 a kg amidst improved volumes.

“A positive change in weather was another factor that triggered the current bear phase in rubber ”, an analyst said.

The session witnessed better arrivals from growers while major consuming industries turned inactive letting the market to fall on renewed selling pressure .RSS 3 declined at its August futures to ¥330.3 (Rs 129.18) from ¥334.5, September to ¥322.2 (327), October to ¥317.4 (323.9), November to ¥316.3 (322.3), December to ¥314.3 (320.5) and January futures to ¥314.8 (322.2) a kg at TOCOM. The grade (spot) weakened to Rs 131.26 (132.26) a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 136 (137.50); RSS-5: 134 (135); ungraded: 128 (131.50); ISNR 20: 133 (134.50) and latex 60 per cent: 85 (87).

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