Spot rubber showed a mixed mood on Monday. RSS 5 and ISNR 20 edged up amidst scattered transactions, while latex lost ground on low demand. Sentiments were partially affected by weakness in domestic and international futures but sheet rubber managed to sustain at the previous levels on supply concerns. The volume was dull.

RSS 4 ruled steady at Rs 240 a kg, according to traders. The grade finished unchanged at Rs 240.50 a kg both at Kottayam and Kochi, as reported by the Rubber Board.

Futures weak

In futures, the March series weakened to Rs 242 (244.98), April to Rs 251.70 (255.01), May to Rs 257.35 (260.83), June to Rs 262.41 (264.51) while and July to Rs 263.06 (265.37) a kg for RSS 4 on the National Multi Commodity Exchange.

The February futures for RSS 3 declined to ¥539 (Rs 292.24) from ¥544.2 a kg during the day session and then to ¥529.8 (Rs 287.25) in the night session on the Tokyo Commodity Exchange. RSS 3 (spot) improved to Rs 292.98 (291.14) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 240 (240); RSS-5: 232 (231); ungraded: 228 (228); ISNR 20: 240 (239) and latex 60 per cent: 147 (149).

comment COMMENT NOW