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Spot rubber was steady on Tuesday as morale remained neutral lacking fresh enquires from major consuming industries but the market sustained at the prevailing levels on supply concerns.
RSS-4 closed unchanged at ₹132 a kg, according to traders and the Rubber Board. The same was steady at ₹128, according to dealers. The trend continued to remain mixed as ISNR20 improved marginally amidst scattered transactions.
RSS-4 weakened at its August futures to ₹135 (135.99) and September to ₹135.34 (135.74) per kg on the Indian Commodity Exchange (ICEX). The August contracts were down by 0.73 per cent with a volume of 70 lots and total trade value of ₹94.98 lakh.
RSS-3 (spot) dropped to ₹114.30 (114.42) per kg at Bangkok. Its July futures improved to ₹108.82 (106.72) and August to ₹108.75 (106.79) on the Tokyo Commodity Exchange (TOCOM). SMR 20 firmed up to ₹88.58 (88.32), while Latex 60% slid to ₹83.11 (83.48) at Kuala Lumpur.
Spot rubber rates (₹/kg): RSS-4:132 (132); RSS-5: 128 (128); ISNR20: 110.50 (110) and Latex (60% drc): 81.50 (81.50).
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