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Aravindan

Kottayam, Nov. 14 Spot rubber finished unchanged on Friday. Though the global indices were better, lack of support from major consuming industries kept the domestic mood visibly neutral. The renewed quote from the tyre sector was Rs 82 for sheet rubber but the grade closed flat at Rs 82.50 a kg as on Thursday. The transactions were in a low key.

Rubber futures on the Tokyo Commodity Exchange shed a major part of the morning gains on long liquidation during Friday afternoon.

The market was better followed by short covering and fresh buying at the opening. Sentiments were firm on early trades amidst gains in oil and precious metals futures coupled with Yen’s decline against dollar.

But buying fizzled out towards the morning close as most of the participants preferred to sideline the market towards the fag end of the weekend session. RSS 3 improved at its November contract to ¥164.5 (Rs 83.21) from ¥162, December to ¥165 (161), January to ¥167.2 (164.9), February to ¥169.7 (166.2), March to ¥172.3 (169) and April to ¥174.7 (171.3) a kg at TOCOM. RSS 3 spot closed firm at Rs. 89.70 (89.59) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 82.50 (82.50); RSS-5: 79.50 (79.50); ungraded: 75.75 (75.75); ISNR 20: 80 (80) and latex 60 per cent: 57.50 (57.50).

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