Rubber prices improved on Monday as the market seemed to react to the recovery in the domestic and international futures.

According to observers, covering purchases at lower levels kept the commodity firm on late trading hours.

Volume better

The volumes were comparatively better in selected counters. The trend was mixed.

Sheet rubber firmed up marginally to Rs 164 from Rs 163 and Rs 163.50 a kg respectively, according to traders and the Rubber Board.

Meanwhile, ISNR 20 lost heavily following the sharp declines in its international price.

There were no buyers on the grade even at lower levels.

In futures, the April series increased to Rs 161.10 (159.15), May to Rs 163.15 (160.81), June to Rs 163.25 (160.44) and July to Rs 163.34 (161.37) a kg while the August series remained inactive on the National Multi Commodity Exchange.

RSS 3 rebounded with April futures rising to ¥256.8 (Rs 142) from ¥242 a kg during the day session and then to ¥262.5 (Rs 145.16) in the night session on the Tokyo Commodity Exchange.

Spot rubber rates (Rs/kg): RSS-4: 164 (163); RSS-5: 161 (161); Ungraded: 156 (155); ISNR 20: 153 (157) and Latex 60 per cent: 110 (110).

(This article was published on April 8, 2013)
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