Comments
Spot rubber showed a mixed mood on Friday. The market appeared to be moving under the shadow of a weak trend on the National Multi Commodity Exchange but it managed to hold on in most active counters amidst dull volumes. The sentiments were also affected by the declines in international indices but the absence of quantity sellers and weekend covering purchases extended moderate support though the gains were partial and limited. Latex continued its downward journey on extremely low demand.
Sheet rubber improved to Rs 230 (229.50) a kg according to traders. The grade finished unchanged at Rs 230 a kg, as quoted by the Rubber Board.
FUTURES SLIP
The March series slipped to Rs 228.95 (229.58), April to Rs 238.17 (238.46), May to Rs 242.35 (243.32), June to Rs 245.29 (245.54) and July to Rs 243.76 (244.24) a kg for RSS 4 on the NMCE.
RSS 3 (spot) declined to Rs 270.10 (274.34) a kg at Bangkok. The March futures for the grade weakened to ¥501.5 (Rs 273.48) from ¥510.4 a kg during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange (TOCOM).
Spot rates were (Rs/kg): RSS-4: 230 (229.50); RSS-5: 228 (228); ungraded: 225 (225); ISNR 20: 229 (227) and latex 60 per cent: 137 (138).
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.