Higher arrivals sap spot rubber

OUR CORRESPONDENT Kottayam | Updated on December 02, 2014 Published on December 02, 2014

Physical rubber prices were weak on Tuesday. A possible improvement in arrivals as the market is passing through the peak production season and the absence of genuine buyers kept the sentiments under pressure during the day.

RSS 4 weakened to Rs.116.50 (117.00) per kg as reported by the traders and Rubber Board. The grade slipped to Rs.113.50 (114.00) per kg according to dealers.

The December futures closed at Rs.115.50 (115.04), January at Rs.116.35 (116.06) and February at 117.20 (117.22) per kg on National Multi Commodity Exchange (NMCE).

RSS 3 (spot) dropped to Rs. 97.87 (97.92) per kg at Bangkok. The December futures closed unchanged at ¥ 184.5 (Rs.96.08) per kg during the day session but then improved marginally to ¥ 185.0 (Rs.96.34) per kg in the night session on Tokyo Commodity Exchange (TOCOM).

The spot rubber rates (Rs/ kg) were: RSS-4: 116.50 (117.00) RSS-5: 110.00 (112.00) Ungraded: 102.00 (103.00) ISNR 20: 99.00 (99.50) and Latex (60% drc): 83.50 (84.50)

Published on December 02, 2014
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