Comments
Spot rubber finished unchanged on Tuesday. The market lost its direction following weakness on NMCE. It also appeared to be in a holiday mood owing to “Miladi Sherif.” The volumes were low.
Sheet rubber closed flat at Rs 238.00 a kg according to traders. The grade improved further to Rs 238.50 (237.50) a kg both at Kottayam and Kochi according to Rubber Board.
RSS 4 declined at its February series to Rs 235.60 (237.83), March to Rs 240.80 (243.96), April to Rs 249.60 (253.06) and May to Rs 254.10 (257.75) a kg on National Multi Commodity Exchange (NMCE).
The volumes totalled 12,784 lots and open interest 14,253 lots. The turnover was Rs 312.99 crore.
The February futures for RSS 3 improved to ¥ 532.5 (Rs 289.90) from ¥ 527.0 a kg during the day session but then surrendered to ¥ 520.0 (Rs 283.09) in the night session on Tokyo Commodity Exchange (TOCOM). The grade (spot) increased to Rs 290.05 (288.73) a kg at Bangkok.
The spot rubber rates in Rs per kg were: RSS-4: 238.00 (238.00), RSS-5: 228.00 (228.00), Ungraded: 224.00 (224.00), ISNR 20: 235.00 (235.00) and Latex 60 per cent: 149.00 (149.00)
Comments
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.