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Spot rubber ruled unchanged on Thursday. The market lost its direction following an almost steady closing on the National Multi Commodity Exchange (NMCE). Sharp declines in global futures weighed on sentiments but prices managed to sustain at the prevailing levels on supply concerns.
Sheet rubber finished flat at Rs 195.50 a kg at Kottayam and Kochi, according to traders and the Rubber Board.
The June series closed at Rs 197.12 (197.10), July at Rs 200 (199.98), August at Rs 199.65 (199.89) and October at Rs 197.70 (197.20) a kg on the NMCE.
Natural rubber continued to remain under pressure in international markets. TOCOM rubber futures dropped to a six-month low on lingering worries on the Euro Zone debt crisis and strong yen, raising further concerns over the demand for the commodity.
RSS 3 (spot) weakened to Rs 202.97 (204.01) a kg at Bangkok. The June futures declined to ¥263.5 (Rs 187.87) from ¥272.5 a kg during the day session but then finished unchanged in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg) : RSS-4: 195.50 (195. 50); RSS-5: 194 (194); ungraded: 190 (190); ISNR 20: 194.50 (194. 50) and latex 60 per cent: 131 (131).
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