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Spot rubber ruled firm on Friday. The market seemed to be poised for another takeoff supported by low stocks in the warehouses and the widespread monsoon rain during the past couple of days. Arrivals were extremely poor in the physical market and hence any quantity buying might take the prices to further highs. The trend was partially mixed as the market failed to make all round gains probably since the domestic futures lost the initial gains during the late trading hours. The transactions were dull.
Sheet rubber finished unchanged at Rs 217 a kg according to traders. The grade improved to Rs 216.75 (216) a kg both at Kottayam and Kochi as reported by the Rubber Board.
The September series slipped to Rs 218.51 (218.87), October to Rs 216.18 (217.02), November to Rs 215.62 (217.06), December to Rs 216.50 (217.02), January to Rs 218 (219.15) and February to Rs 219.30 (220.40) a kg for RSS 4 on the National Multi Commodity Exchange.
RSS 3 (spot) weakened to Rs 217.79 (218.47) a kg at Bangkok. The September futures for the grade dropped to ¥359.5 (Rs 215.09) from ¥361.3 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: 217 (217); RSS-5: 209 (208); ungraded: 202 (202); ISNR 20: 210 (208) and latex 60 per cent: 133.50 (132).
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