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Physical rubber prices witnessed a mixed trend on Monday. The market remained under pressure following the early declines in domestic futures but the losses were limited since the prices recovered partially on the National Multi-Commodity Exchange (NMCE).
Sheet rubber slipped to Rs 240 a kg(Rs 241) on buyer resistance. The grade improved to Rs 240 a kg (Rs 239.50) both at Kottayam and Kochi, according to the Rubber Board.
RSS-4 weakened in the April series to Rs 239.50 (Rs 241.41), May to Rs 245.90 (Rs 249.05), June to Rs 251.11 (Rs 253.40), July to Rs 250.85 (Rs 253.93), August to Rs 245.50 (Rs 248.39) and September to Rs 238.50 (Rs 242.75) a kg on the NMCE.
The volumes totalled 12,620 lots and open interest 8,679 lots. The turnover was Rs 311.49 crore.
Spot rates
RSS-3 (spot) closed at Rs 271.23 a kg (Rs 270.39) at Bangkok. April futures improved to ¥492 (Rs 257.60) from ¥480 during the day session but then declined to ¥485 a kg (Rs 253.88) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4 — 240 (241); RSS-5 — 238 (238); ungraded — 233 (234); ISNR 20 — 235 (235) and Latex 60 per cent — 142 (142).
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