India: Spot rubber rules steady

KOTTAYAM, MAY 26:

Spot rubber finished unchanged on Thursday. Market activities were dull as there were no active participants, on either side, to set a definite trend. Major manufacturers were seen almost inactive.

According to traders, sheet rubber was steady at Rs 217 a kg amidst scattered transactions. The grade dropped to Rs 217 (217.50) a kg both at Kottayam and Kochi, according to Rubber Board.

The June series weakened to Rs 216.56 (218.43), July to Rs 220.50 (221.67) and August to Rs 219.63 (220.69) while the September series firmed up to Rs 218.50 (217.47) a kg for RSS 4 on the National Multi Commodity Exchange.

RSS 3 improved at its June futures to ¥417 (Rs 230.97) from ¥409 a kg during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange. The grade (spot) increased to Rs 233.32 (231.17) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 217 (217); RSS-5: 214 (214); ungraded: 212 (212); ISNR 20: 209 (209) and latex 60 per cent: 130 (130).

Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article2051833.ece