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Aravindan

Kottayam, Sept. 8 Spot rubber prices improved on Monday. Continuous rains since the past few days have put a halt to tapping in almost all plantations. There were no quantity sellers in the main marketing centres even at higher levels. RSS 4moved up to Rs 141 from Rs 140.50 a kg as covering groups turned aggressive on the grade. The trend was mixed and the volumes low.

In the international futures, rubber was better on Tokyo Commodity Exchange except in September. The trend setter moved up sharply on early trades following gains in oil and precious metals futures coupled with Yen’s decline in exchange markets. But the early gains were not held completely as sentiments turned partially sluggish on late trading.

The September contract for RSS 3 slipped marginally to ¥333.4 (Rs 136.62) from ¥333.6 while it improved at its October futures to ¥328.2 (323.6), November to ¥324.2 (320), December to ¥318.2 (313), January to ¥314.5 (310) and February futures to ¥313.9 (308.6) a kg at TOCOM. The grade (spot) weakened to Rs 132.15 (132.97) a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 141 (140.50); RSS-5: 138 (136); ungraded: 135.50 (134); ISNR 20: 130 (130) and latex 60 per cent: 80.50 (80.50).

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