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Physical rubber prices showed a mixed mood on Wednesday. The sentiments were almost neutral as domestic futures closed weak on the National Multi Commodity Exchange (NMCE). Though supplies were limited, widespread rains and weakening rupee continued to extend support to the commodity, lack of demand from major consuming industries and uncertain economic outlook might weigh over the prices, analysts said. Transactions were low.
Sheet rubber improved to Rs 216 (215.75) a kg as quoted by the traders. The grade finished unchanged at Rs 216 a kg both at Kottayam and Kochi according to Rubber Board.
RSS 4 weakened at its September series to Rs 218 (219.68), October to Rs 214.99 (216.11), November to Rs 213.98 (215.31), December to Rs 215 (216.50), January to Rs 216.02 (217.67) and February to Rs 217.70 (219) a kg on the NMCE.
RSS 3 (spot) increased to Rs 221.16 (220.85) a kg at Bangkok. The September futures slipped to ¥348.5 (Rs 216.17) from ¥351a kg during the day session but then bounced back to ¥351 (Rs 217.76) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 216 (215.75); RSS-5: 207 (206); ungraded: 202 (202); ISNR 20: 210 (210) and latex 60 per cent 133.50 (133.50).
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