Physical rubber prices turned weak on Thursday. The market continued to be in a holiday mood prior to Vishu and prices slipped marginally on buyer resistance. Meanwhile, the Japanese market was under pressure during closing hours due to fall in prices. The trend was mixed.
Sheet rubber slipped to Rs 239 a kg (Rs 239.50), according to traders. The grade finished unchanged at Rs 240 a kg, both at Kottayam and Kochi, as reported by the Rubber Board.
The National Multi-Commodity Exchange remained closed on account of Ambedkar
RSS-3 improved marginally with April futures rising to ¥468 a kg (Rs 250.87) from ¥466 a kg during the day session but then declined to ¥461.5 a kg (Rs 247.39) in the night session on the Tokyo Commodity Exchange.
Spot rates
Spot rates were (Rs/kg): RSS-4: 239 (239.50); RSS-5: 236 (237.50); ungraded: 232 (232); ISNR 20: 235 (236) and latex 60 per cent: 143 (143).