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Our Correspondent

Kottayam , March 17

Spot rubber rates continued to rule steady on Friday. Most of the participants were not interested to enlarge their commitments, as the market seemed to be lacking strength and direction both in the domestic and international markets.

The financial year closing could also be considered as a critical factor behind the shrinking volumes. Sheet rubber ended unchanged at Rs 79.50 and Rs 79.75 a kg respectively at Kottayam and Kochi as on Thursday.

Futures improve

The NMCE rubber futures turned better followed by a marginal improvement in overseas indices. The April contract was traded at Rs 82(Rs 81.44), May contract at Rs 84.19 (Rs 83.76), June contract at Rs 86.10 (Rs 85.57) and July contract at Rs 86.70 (Rs 86.50) per kg for RSS 4.

The volumes were comparatively poor at 612 lots registering 161 lots in April, 301 lots ( May), 106 lots (June) and 44 lots (July) till mid-session.

The April delivery contract for RSS 4 was quoted at Rs 81.05 against Rs 81.45 a kg on the MCX.

At Bangkok spot, RSS 3 was flat at Rs 90.85 a kg, while the April futures for the grade improved to 237.6 yen (Rs 90.03) from 235.7 yen a kg at TOCOM.

The physical rubber prices per kg follow: RSS-4: Rs 79.50 (Rs 79.50); RSS-5: Rs 78.50 (Rs 78.50); ungraded: Rs 78(Rs 78); ISNR 20: Rs 78.25 (Rs 78.25) and latex 60 per cent (per litre): Rs 56(Rs 56).

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