The Hindu Business Line : Spot rubber rules flat

Kottayam, June 4 The physical rubber prices finished almost unchanged on Thursday. The market declined on early trades following the initial weakness in domestic futures but recovered the losses later on supply concerns in tune with NMCE.

Sheet rubber closed steady at Rs 99 a kg after hitting an intraday low of Rs 98 in the morning session. Meanwhile, ISNR 20 and latex 60% improved mainly on acute short supply.

The June futures for RSS 4 finished firm at Rs 99.66 (Rs 99.09), July at Rs 97.79 (Rs 97.25), August at Rs 95.37 (Rs 94.50) and September at Rs 92.50 (Rs 92) a kg on National Multi Commodity Exchange (NMCE).

RSS 3 fell sharply at its June futures to ¥152 (¥159) (Rs74.18), July to ¥155 (¥160), August to ¥158.6 (¥164), September to ¥161.1 (¥165.5), October to ¥163.4 (¥168.3) and November to ¥165.2 (¥170.6) a kg during the day session on TOCOM.

The grade closed at ¥155 (Rs 75.64), ¥157.8, ¥161.7, ¥164.5, ¥166.4 and ¥169 a kg consecutively on late trades. RSS 3 moved down further to Rs 81.73 (Rs 82.91) a kg on Singapore Commodity Exchange (SICOM) while its spot slipped to Rs 82.04 (Rs 83.01) a kg at Bangkok.

The spot rubber prices per kg follow: RSS-4: Rs 990 (Rs 99), RSS-5: Rs 97 (Rs 97), Ungraded: Rs 94.50 (Rs 94.50), ISNR 20: Rs 93 (Rs 92.50) andLatex 60%: Rs 78.50 (Rs 78).

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