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Aravindan

Kottayam, Nov. 5 Rubber prices finished almost steady on Wednesday. Sheet rubber RSS 4 closed flat at Rs 88 a kg as on Tuesday .

The market was better hitting Rs 99 in the morning session but lost its steam as the trend setting Japanese indices finished in red. Certain major manufacturers were buyers on the grade at the quoted level and the trend was mixed as ungraded rubber improved by 50 paise on sustained demand.

The rubber futures on the Tokyo Commodity Exchange opened higher attracting fresh buying and short covering following sharp gains in oil and precious metals futures. All contracts gained over ¥10 in early trades. But profit booking became dominant and the market closed weak on late trading. RSS 3 declined at its November contract to ¥176.6 (Rs 84.88) from ¥181, December to ¥176.9 (185.8), January to ¥176.8 (189.5) February to ¥177.3 (190.4), March to ¥179.9 (191.7) and April futures to ¥181.4 (193.6) a kg on TOCOM. RSS 3 (spot) improved to Rs 94.36 from Rs 92.70 a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 88 (88); RSS-5: 86 (86); ungraded: 83 (82.50); ISNR 20: 85 (85) and latex 60 per cent: 60.50 (60.50).

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