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Spot rubber finished almost unchanged on Tuesday. The market lost its direction as the domestic futures declined recording moderate losses in all its contracts on the NMCE. Gains in global rubber rates failed to enhance the sentiments but the prices managed to sustain at current levels lacking quantity sellers on any grade.
Sheet rubber closed flat at Rs 237 a kg both at Kottayam and Kochi according to traders and Rubber Board. Meanwhile RSS 5 lost marginally on comparatively low demand. The overall volumes were dull.
Futures decline
The February series declined to Rs 232.50 (236.77), March to Rs 237 (241.91), April to Rs 246.00 (250.57) and May to Rs 249 (254) a kg for RSS 4 on the National Multi Commodity Exchange (NMCE).
The volumes totalled 15070 lots and open interest 13358 lots. The turnover was Rs 364.94 crores.
RSS 3 (spot) closed firm at Rs 275.61 (272.82) a kg at Bangkok. The February futures for RSS 3 improved to ¥503 (Rs 277.49) from ¥498.7 during the day session and then to ¥506 (Rs 279.15) a kg in the night session on the Tokyo Commodity Exchange (TOCOM).
Spot rates were (Rs/kg): RSS-4: 237 (237); RSS-5: 226 (227); ungraded: 221 (221); ISNR 20: 231 (231) and latex 60 per cent: 152 (152).
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