Agri Business

Mixed trend in spot rubber

Our Correspondent Kottayam | Updated on April 10, 2012 Published on April 10, 2012

rubber

Spot rubber was mixed on Tuesday. The undercurrent appeared weak as the near month April futures had been trading lower on the National Multi Commodity Exchange (NMCE). Reports from the international market were unimpressive.

TOCOM rubber futures slid for a sixth straight session on worries over a slow recovery in global economy. Sentiments were bearish, but supply concerns and caution that the Thailand government might step in to prop up prices prevented traders from selling further.

Sheet rubber slipped to Rs 198.50 (198.75) a kg, according to traders. The grade closed flat at Rs 199 a kg both at Kottayam and Kochi, according to the Rubber Board.

April contracts improved to Rs 195.75 (195.10); May to Rs 203.02 (202.12); June to Rs 208.39 (207.25) and July to Rs 210.90 (208.75) a kg for RSS 4 on the NMCE.

RSS 3 (spot) increased to Rs 201.45 (200.80) a kg at Bangkok. The April futures for the grade slipped to ¥307.1 (Rs 194.24) from ¥309.7 a kg during the day session and then to ¥306.1 (Rs 193.60) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 198.50 (198.75); RSS-5: 196.50 (196.50); ungraded: 192 (192); ISNR 20: 196.50 (196.50) and latex 60 per cent: 129 (129).

Published on April 10, 2012
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