Comments
Spot rubber was mixed on Wednesday. The undercurrent was partially bullish as the market made marginal gains in selected counters. But the absence of quantity buyers and fresh enquiries from major consuming industries kept RSS 4 comparatively dull during the day.
Sheet rubber finished unchanged at Rs 196 a kg at Kottayam and Kochi, according to traders and the Rubber Board
In futures, the May series closed at Rs 193.65 (192.71), June at Rs 199.50 (199.20), July at Rs 203.69 (203.17), August at Rs 203.75 (202.50), September at Rs 203 (200) and October at Rs 199 (200.93) a kg on the National Multi Commodity Exchange (NMCE).
In the international market, natural rubber prices strengthened on Wednesday. TOCOM rubber futures rose to a three-week-high on early trades buoyed by upbeat industrial production data from the US.
RSS 3 (spot) increased to Rs 205.94 (204.23) a kg at Bangkok. The May futures inched up to ¥301 (Rs 198.42) from ¥300.9 during the day session but then slipped to ¥299 (Rs 197.02) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg) : RSS-4: 196 (196); RSS-5: 194.50 (194); ungraded: 192 (192); ISNR 20: 194.50 (194) and latex 60 per cent: 124 (122.50).
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.