Spot rubber was steady on Thursday. The market seemed to be disappointed as the discussions by all the stake holders in the rubber sector with the Government failed to find an amicable solution about the implementation of the prices stabilisation scheme.
RSS 4 closed unchanged at ₹133 a kg, according to traders and the Rubber Board. The grade was quoted flat at ₹130 by dealers. July futures declined to ₹135.10 (₹136.10), August to ₹136 (₹137.27) and September to ₹135.70 (₹136.96) on the National Multi Commodity Exchange. RSS 3 (spot) weakened to ₹117.99 (₹118.43) at Bangkok. June futures closed at ¥ 216.3 (₹112.49) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/kg): RSS-4: 133 (133); RSS-5: 130 (130); Ungraded: 123 (123); ISNR 20: 122 (122) and Latex 60%: 115 (115).