Physical rubber prices were almost steady on Friday. The market lost its direction amidst low volumes while latex firmed up marginally on supply concerns reacting to fresh enquiries.

Sheet rubber closed unchanged at Rs 183 a kg according to traders. The grade dropped to Rs 183 (183.50) a kg both at Kottayam and Kochi as quoted by the Rubber Board.

The August series concluded at Rs 180.49 (180.19), September at Rs 179.30 (179.13), October at Rs 179.18 (179.50) and November at Rs 177.71 (178) a kg for RSS 4.

In the international market, natural rubber prices were traded mostly steady with a negative inclination. While worries over the demand on weak global economic outlook continued to weigh over the market, rise in crude oil prices provided support at lower levels. Sentiments were mixed.

RSS 3 (spot) increased to Rs 174.02 (173.90) a kg at Bangkok. July futures slipped to ¥234 (Rs 164.68) from ¥236.1 during the day session but then remained unchanged in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 183 (183); RSS-5: 177 (177); ungraded: 172 (172); ISNR 20: 175 (175.50) and latex 60 per cent: 130.50 (130).

(This article was published on July 20, 2012)
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