The Hindu Business Line : Mixed trend in spot rubber

Kottayam, July 9 Spot rubber showed a mixed trend on Thursday. RSS-4 finished unchanged at Rs 97.50 a kg after hitting a low at Rs 97 a kg on early trades following the marginal improvement in domestic futures on the National Multi Commodity Exchange (NMCE).

There was no visible selling or buying pressure from traders or major consuming industries during the session. The prices moved in a narrow range amidst scattered transactions and the volumes were also reported to be meagre.

Futures rise

The July futures for RSS-4 closed at Rs 97.10 (Rs 96.94), August at Rs 93.15 (Rs 93.02), September at Rs 89.25 (Rs 89.47) and October at Rs 87.15 (Rs 87.35) a kg on the NMCE.

The July futures for RSS-3 was quoted at ¥158.0 (¥156.0) (Rs 82.88), August at ¥157.7 (¥157.0), September at ¥155.5 (¥156.1), October at ¥156.2 (¥155.6), November at ¥157.1 (¥155.9) and December at ¥158.2 (¥157.2) a kg during the day session on TOCOM.

The grade finished consecutively at ¥156.2 (Rs 81.96), ¥157.6, ¥157.5, £157.5, ¥157.7 and ¥158.9 a kg during the night session.

RSS 3 firmed up marginally to Rs 80.97 (Rs 80.01) a kg on the Singapore Commodity Exchange (SICOM). The grade closed at Rs 81.68 a kg at Bangkok.

The physical rubber prices per kg were: RSS-4 Rs 97.50 (Rs 97.50); RSS-5 Rs 95.50 (Rs 95.50); Ungraded Rs 92 (Rs 91.50); ISNR 20 Rs 87.50 (Rs 88) and Latex 60% Rs 86 (Rs 86).