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Aravindan

Kottayam, Jan. 5 The physical rubber prices were firm on Monday. Sharp gains in the Japanese futures kept the domestic buyers active on sheet rubber while the market made all-round gains on renewed buying interest.

Major manufacturers were buyers on RSS 4, up to Rs 74.50 a kg, while the grade improved to Rs 75 a kg from Rs 74 a kg on the previous weekend.

In futures, the January contract for RSS 4 closed at Rs 75 (75.01), February at Rs 76.16 (76.33) March at Rs 76.50 (76.26) and April at Rs 77.41 (77.30) a kg on the National Multi Commodity Exchange (NMCE).

Rubber futures on the Tokyo Commodity Exchange bounced back at the opening, attracting fresh buying amidst gains in oil and precious metals futures and yen’s slip against the dollar. But the market surrendered the gains partially towards the close on profit-booking at higher levels.

RSS 3 (spot) closed firm at Rs 70.55 a kg at Bangkok. The January futures for the grade flared up to ¥145.3 (Rs 75.84) from ¥135, February to ¥144.4 (135.6), March to ¥144.8 (134.6), April to ¥143.1 (134.5), May to ¥144.4 (136.9) and June to ¥145 (136.1) a kg on TOCOM.

The spot rates were (in Rs/kg): RSS-4 75 (74); RSS-5 72.50 (72); ungraded 70 (69); ISNR 20 - 70.50 (69.50); and latex 60%: 52.50 (50).

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