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Spot rubber turned better on Monday. According to sources, the market improved mainly on covering purchases as sellers stayed back possibly following another firm closing in the international markets. Declines in the domestic futures failed to make any visible impact on prices. The trend was mixed.
Sheet rubber increased to Rs 208 (206) a kg, according to traders. The grade inched up to Rs 207.50 (207) a kg both at Kottayam and Kochi, as reported by the Rubber Board.
The August series slipped to Rs 206.53 (207.83), September to Rs 205.91 (207.64), October to Rs 206.00 (207.78), November to Rs 207.26 (209) and December to Rs 208.55 (210), while the January series improved to Rs 212.90 (211.25) a kg for RSS 4 on the National Multi Commodity Exchange.
RSS 3 (spot) firmed up to Rs 216.47 (215.72) a kg at Bangkok. The August futures firmed up to ¥382 (Rs 217.97) from ¥380.9 a kg during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg) RSS-4: 208 (206); RSS-5: 205 (204); Ungraded: 197.50 (197); ISNR 20: 206 (206) and latex 60 per cent: 135 (136).
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