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Aravindan

Kottayam, Jan. 9 The physical rubber prices improved on Friday. The market showed signs of recovery following a positive closing in the global and domestic rubber futures. Sheet rubber moved up to Rs 72 from Rs 70.50 a kg on covering purchases. Certain major manufacturers were buyers on the grade up to Rs 71.50 a kg, sources said.

RSS 4 improved at its January contract to Rs 73.60 (73), February to Rs 74.75 (73.73), March to Rs 75.81 (74.86), and April to Rs 77 (76.16) a kg on National Multi Commodity Exchange (NMCE).

Rubber futures on the Tokyo Commodity Exchange turned better on Friday afternoon. All contracts moved into positive territory towards midmorning though sentiments weakened later, reflecting yen’s renewed rise against dollar. But buyers dominated the scene again during the afternoon. The January futures for RSS 3 finished firm at ¥142.7 (Rs 76.33) against ¥139, February at ¥143.3 (139.3), March at ¥145.6 (141.4), April at ¥147 (142.6), May at ¥148.5 (142.9) and June at ¥149.7 (143.1) a kg on TOCOM. The grade (spot) slipped marginally to 74.55 (74.56) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 72 (70.50); RSS-5: 70 (69); Ungraded: 68 (67); ISNR 20: 69 (68) and latex 60 per cent: 55 (52.50).

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