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Physical rubber prices continued to finish unchanged on Wednesday. The market activities were in a slow pace as most of the traders were in a holiday mood prior to New Year but it showed signs of weakness during closing hours, an observer said. Sheet rubber closed steady at Rs 200 a kg both at Kottayam and Kochi according to traders and the Rubber Board. The trend was partially mixed as ungraded rubber dropped on comparatively low demand.
Weakness in the international markets and the wide gap prevailing in between the domestic and international markets with Indian grade on a premium, continued to weigh on, analysts said. However, in the international scene, the recent fall in Japanese industrial output capped the gains. The Japanese industrial production in November declined 2.6 per cent compared to October.
The January series weakened to Rs 201.20 (202.98), February to Rs 203.60 (205.35), March to Rs 207.35 (208.65), April to Rs 211.80 (214.50), May to Rs 213.00 (214.00) and June to Rs 211.50 (212.05) a kg for RSS 4 on National Multi Commodity Exchange (NMCE).
RSS 3 (spot) slipped to Rs 180.49 (180.65) a kg at Bangkok. The January futures moved up marginally to ¥ 253.0 (Rs 173.20) from ¥ 252.9 a kg during the day session but then finished unchanged in the night session on Tokyo Commodity Exchange (TOCOM).
The spot rubber rates/kg were RSS-4: 200.00 (200.00); RSS-5: 196.00 (196.50); Ungraded: 189.00 (190.00); ISNR 20: 191.00 (191.00) and Latex 60 per cent: 110.00 (110.00)
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