Spot rubber finished almost steady on Tuesday. The market opened better and improved further on early trades but lost ground following declines on domestic futures.

But a partial recovery on the National Multi Commodity Exchange during closing hours did not make any impact in the market.

According to observers, there was no selling pressure from dealers and the prices remained under pressure on buyer resistance. The trend was mixed and volume low.

Sheet rubber finished unchanged at Rs 241 a kg after hitting an intraday high of Rs 244 a kg in the morning session. The grade improved to Rs 243 (240) a kg both at Kottayam and Kochi, as reported by the Rubber Board.

The April series weakened to Rs 242.04 (245.55), May to Rs 248.98 (252.59), June to Rs 252.75 (257.39) and July to Rs 253.35 (258.81) a kg for RSS 4 on the NMCE.

RSS 3 (spot) closed at Rs 266.13 (258.08) a kg at Bangkok. The April futures for the grade increased to ¥482.7 (Rs 254.30) from ¥460 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: 241 (241); RSS-5: 236 (236); ungraded: 231 (232); ISNR 20: 235 (235) and latex 60 per cent: 140 (140).

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