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Physical rubber prices ruled steady for the fourth consecutive day on Thursday. Sentiments remained neutral as there was no fresh news or incentives specific to rubber to set a definite trend. Sheet rubber finished unchanged at Rs 214 a kg both at Kottayam and Kochi, according to traders and the Rubber Board.
Meanwhile, the revised estimates available from China reveal that the country's total import of natural rubber (NR) including rubber compounds containing over 95 per cent of NR is likely to fall 1 per cent on year to 7,28,000 tonnes in the third quarter this year. The new figure is a marked improvement from the previously estimated 7.5 per cent fall during the quarter to 6,80,000 tonnes.
The October series weakened to Rs 215.80 (216.79), November to Rs 213.35 (215.04), December to Rs 215.40 (216.52) and January to Rs 218 (218.71) while the February series inched up to Rs 220.44 (220.02) a kg for RSS 4 on the National Multi Commodity Exchange.
RSS 3 (spot) increased marginally to Rs 209.03 (208.72) a kg at Bangkok. The October futures firmed up to ¥312.7 (Rs 199.58) from ¥311.4 a kg during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 214 (214); RSS-5: 211 (211); ungraded: 205 (205); ISNR 20: 204 (204) and latex 60 per cent: 130 (130).
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