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Spot rubber continued to rule unchanged on Monday. Sentiments were almost neutral following a weak closing in domestic futures on the National Multi Commodity Exchange (NMCE).
According to sources, the market remained under pressure on comparatively higher imports and slightly increased supplies above the Rs 200-mark. Imports showed a rise of almost five per cent in November, while exports went up to 580 tonnes compared with 60 tonnes during the same period last year, they added.
Sheet rubber finished steady at Rs 202 a kg, according to traders. It was flat at Rs 201.50 a kg both at Kottayam and Kochi, as reported by the Rubber Board.
In futures, the December series slipped to Rs 201.20 (202.98), January to Rs 202.50 (205.01), February to Rs 204.50 (207.19), March to Rs 207.65 (209.75), April to Rs 211.51 (214.63) and May to Rs 213.51 (216.50) a kg for RSS 4 on the NMCE.
The December futures increased to ¥263.4 (Rs 178.28) from ¥260.3 a kg during the day session but then dropped to ¥260 (Rs 176.01) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 202 (202); RSS-5: 199 (199); ungraded: 193 (193); ISNR 20: 189 (189) and latex 60 per cent: 111 (110).
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