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The spot rubber market was mixed on Tuesday with prices of sheet rubber firming up on covering purchases. Prices of latex dropped on lower demand.
There was partial recover in the futures market, while ungraded rubber prices continued to rise on moderate enquiries from the non-tyre sector.
RSS 4 prices improved to ₹121 from ₹120 and ₹120.50 a kg, respectively, according to traders and the Rubber Board. The grade closed marginally higher at ₹118 (₹117.50) as quoted by the dealers.
October futures increased to ₹121.45 (₹120.34), November to ₹119.25 (₹118.14), December to ₹118.85 (₹117.88), January to ₹118.60 (₹117.65) and February to ₹119.40 (₹117.66) on the National Multi Commodity Exchange RSS 3 (spot) inched up to ₹94.78 (₹94.56) at Bangkok. October futures closed at ¥172 (₹97.29) on theTokyo Commodity Exchange. Spot rubber rates (₹/ kg) were: RSS-4: 121 (120); RSS-5: 115.50 (115); Ungraded: 106 (105); ISNR 20: 105 (104) and Latex (60% drc): 85 (86).
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