Comments
Physical rubber prices showed a mixed trend on Friday. The market opened better and improved further, tracking gains in domestic futures. But it failed to sustain at higher levels, following late declines on the National Multi Commodity Exchange.
According to traders, sheet rubber finished unchanged at Rs 205.50 after hitting an intra-day high of Rs 207 a kg in the morning session. The grade improved to Rs 205.50 (205) a kg both at Kottayam and Kochi, as quoted by the Rubber Board.
In futures, the September series declined to Rs 207.25 (211.04), October to Rs 205 (209.02), November to Rs 205 (208.92), December to Rs 205.15 (209.63), January to Rs 208.99 (211.44) and February to Rs 209 (212.65) a kg for RSS 4 on the NMCE.
RSS 3 (spot) increased to Rs 214.78 (213.14) a kg at Bangkok. The September futures for the grade slipped to ¥352.3 (Rs 211.27) from ¥354 a kg during the day session but then finished unchanged in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 205.50 (205.50); RSS-5: 198 (198); ungraded: 188 (187); ISNR 20: 198 (197) and latex 60 per cent: 127.50 (127.50).
Comments
COMMENT NOW
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.