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Agri-Biz & Commodities - Rubber


Spot rubber turns weak

Aravindan

Kottayam , June 27

The physical rubber prices turned weak on Tuesday. The market lost lacking follow up support from major manufactures and other consuming sectors amidst scattered selling from dealers.

In fact, sheet rubber was quoted steady at Rs 106.50 a kg both at Kottayam and Kochi as on Monday. The remaining grades including latex lost ground after a steady opening, while the volumes were in a low key.

Futures steady

The futures market was almost steady on NMCE. The July contract was quoted at Rs 108 (Rs 107.85), August at Rs 108.95 (Rs 108.92), September at Rs 105.06 (Rs 104.93) and October contract at Rs 102.60 (Rs 103) per kg for RSS 4.

Spot prices (Rs a kg) were: RSS-4: Rs 106.50 (Rs 106.50); RSS-5: Rs 103 (Rs 104); yngraded: Rs 97.50 (Rs 98); ISNR 20: Rs 100.50 (Rs 101.00) and latex 60 per cent: Rs 78.40 (Rs 78.95).

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