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Spot rubber improved on Wednesday. According to observers, the prices turned better following the moderate recovery in the trend setting international indices. There were enquiries from major consuming industries but they seemed to be keeping a low profile.
Major grades ended higher though the domestic futures failed to hold on the initial gains during late trades probably on selling at higher levels prior to the expiry of its July series.
Sheet rubber increased to Rs 214 from Rs 213 and Rs 212.50 a kg respectively according to traders and the Rubber Board.
In futures, the July series slipped to Rs 212.55 (212.88), August to Rs 215.20 (215.35), September to Rs 214.90 (215.16), October to Rs 215 (215.38) and November to Rs 216.50 (216.75) a kg while the December series inched up to Rs 217.25 (217.03) on the National Multi Commodity Exchange.
RSS 3 firmed up to Rs 210.42 (207.98) a kg at Bangkok. The July futures recovered to ¥377 (Rs 212.02) from ¥369.9 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: 214 (213); RSS-5: 212 (210); ungraded: 209 (206); ISNR 20: 210 (210) and latex 60 per cent: 137 (136).
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