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Domestic rubber prices improved on Monday.
In spot, the market gained strength following a better closing on the National Multi Commodity Exchange.
Sheet rubber firmed up to Rs 194 from Rs 193.25 and Rs 193.50 a kg both at Kottayam and Kochi respectively according to traders and the Rubber Board.
The volumes were comparatively better.
The June series improved to Rs 195.50 (194.20), July to Rs 198.50 (197.24), August to Rs 198.15 (197.25) and September to Rs 196.88 (195.01) while the November series closed steady at Rs 200 a kg for RSS 4 on NMCE.
The Key TOCOM rubber futures strengthened tracking the higher oil prices and firm equity markets.
But the gains were limited as investors turned cautious on the European debt crisis and the possibility of a further rise in Yen.
RSS 3 (spot) dropped to Rs 204.67 (207.23) a kg at Bangkok.
June futures increased to ¥268 (Rs 186.62) from ¥264.5 a kg during the day session and then to ¥268.5 (Rs 186.97) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 194 (193.25); RSS-5: 192.50 (192); ungraded: 189 (188); ISNR 20: 193.50 (193) and latex 60 per cent: 127 (125.50).
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