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Spot rubber continued to remain subdued on Friday. The undercurrent was weak as the domestic and international futures ruled even much below the local market. There were no genuine buyers to keep prices firm though supply concerns kept RSS 4 almost neutral during the day. The trend was partially mixed.
Sheet rubber finished unchanged at Rs 186 a kg, as quoted by traders. The grade slipped to Rs 186 (186.50) a kg at Kottayam and Kochi, according to Rubber Board.
In the futures market, the July series closed at Rs 182.75 (182.50), August at Rs 183.99 (182.90), September at Rs 182.71 (181.60), October at Rs 181.50 (181.50) and November at Rs 180.50 (180.50) a kg for RSS 4, while the December series remained inactive on the National Multi Commodity Exchange.
RSS 3 (spot) improved to Rs 173.26 (172.95) a kg at Bangkok. The July futures dropped to ¥238 (Rs 165.77) from ¥239 during the day session but then bounced back to ¥240.4 (Rs 167.44) in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 186 (186); RSS-5: 180 (180.50); ungraded: 174 (175); ISNR 20: 180 (181.50) and latex 60 per cent: 132 (133).
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