Commodities

30,000 tonnes rubber imported in May

Aravindan Kottayam June 3 | Updated on June 03, 2014 Published on June 03, 2014

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Spot rubber finished almost steady on Tuesday.

Sentiments remained under pressure following the news that above 30,000 tonnes of rubber had been imported during May.

The trend was partially mixed as ISNR 20 lost ground on buyer resistance amidst scattered transactions. Sheet rubber closed unchanged at ₹145 a kg, according to traders and the Rubber Board. The grade was quoted flat at ₹142 by dealers. June futures inched up to ₹144.01 (₹143.96), July to ₹142.77 (₹142.17), August to ₹140.75 (₹140.72), and September to ₹139.75 (₹139.46) while the October futures weakened to ₹140.90 (₹141.70) on the National Multi Commodity Exchange.

The rubber mini futures maturing in June declined to ₹143.96 (₹151). RSS 3 (spot) slipped to ₹119.35 (₹119.42) at Bangkok. June futures closed at ¥183.7 (₹106.66) on the Tokyo Commodity Exchange.

Spot rubber rates (₹/kg) were: RSS-4: 145 (145); RSS-5: 143 (143); Ungraded: 137 (137); ISNR 20: 135.50 (137) and Latex 60%: 120 (120).

Published on June 03, 2014
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