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Physical rubber prices edged lower on Tuesday. The market seemed to be chasing the weak international markets though the domestic futures finished firm during closing hours.
According to sources, there were no fresh enquiries from the tyre sector and the prices remained under pressure on selling from dealers amidst low demand.
Meanwhile, intermittent rains continued to disrupt tapping in major rubber growing areas.
Sheet rubber slipped to Rs 213 (213.50) a kg, as quoted by traders. The grade dropped to Rs 212.50 (214) a kg both at Kottayam and Kochi, according to the Rubber Board.
RSS 4 improved at its July series Rs 213 (210.23), August to Rs 215.59 (212.96), September to Rs 215.50 (212.14), October to Rs 215.80 (213.32), November to Rs 217.50 (213.21) and December to Rs 217.10 (215.10) a kg on the National Multi Commodity Exchange.
RSS 3 weakened to Rs 207.98 (209.60) a kg at Bangkok. The July futures declined to ¥369.9 (Rs 207.69) from ¥380 during the day session but then recovered partially to ¥373 (Rs 209.38) a kg in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 213 (213.50); RSS-5: 210 (211); ungraded: 206 (208); ISNR 20: 210 (211) and latex 60 per cent: 136 (137).
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