Physical rubber prices continued to remain almost unchanged on Monday. The market was still in a holiday mood. The trend was partially mixed.
According to reports, subdued demand and higher imports continued to limit gains in the domestic market even amidst rising natural rubber production. However, the peak production will come to a close in January and wintering season will commence by the February-end which will be the beginning of a low production phase.
Sheet rubber finished steady at Rs 200 a kg, according to traders. The grade slipped to Rs. 200.50 (201) a kg both at Kottayam and Kochi, according to the Rubber Board.
The January series closed at Rs 203.70 (204.62), February at Rs 205.90 (206.85), March at Rs 209.00 (209.61), April at Rs 214.40 (214.40) and May at Rs 214.12 (214.85) a kg for RSS 4 on the National Multi Commodity Exchange.
RSS 3 (spot) improved to Rs 180.64 (178.92) a kg at Bangkok. The January futures dropped to ¥ 257.0 (Rs 174.09) from ¥ 259.5 a kg during the day session and then to ¥ 256.0 (Rs 173.42) a kg in the night session on Tokyo Commodity Exchange.
The spot rubber rates/kg were RSS-4: 200 (200); RSS-5: 196.50 (196); ungraded: 190 (190); ISNR 20: 191 (191) and Latex 60 %: 110 (110).
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