The Hindu Business Line : Rubber market unchanged

Kottayam, Nov. 28 Spot rubber showed a mixed trend on Friday. The market mostly remained neutral amidst unimpressive global reports but ungraded rubber picked up marginally on enquiries from the non-tyre sector.

RSS 4 closed unchanged at Rs 66 a kg while latex 60 per cent fell further on low demand. The rubber futures on the Tokyo Commodity Exchange extended its gains at the opening mainly on covering purchases. But the two distant contracts February and March slipped into the minus territory amidst profit booking towards morning close.

As sentiments weakened in the afternoon, the remaining contracts also gave up their early gains partially. RSS 3 improved further at its December futures to ¥125.8 (Rs 66.21) from ¥123.0 January to ¥127 (125.7), April to ¥134.1 (133.8) and May to ¥137.6 (136.3) a kg while its February futures slipped marginally to ¥128 (128.9) and March to ¥130.7 (130.8) a kg at TOCOM.

The grade’s spot weakened to Rs 74.75 (75.33) a kg at Bangkok. Physical rubber rates a kg follow: RSS-4: 66 (66); RSS-5: 63.50 (63.50); Ungraded: 62 (61); ISNR 20: 63 (63) and Latex 60 per cent: 49.50 (51).

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