KOTTAYAM, MAY 27:
Physical rubber prices declined on Friday. Though there has been no visible selling pressure in the market as arrivals continued to be low, prices slipped on buyer resistance. Transactions were meagre.
The rubber market continues to be clouded by uncertainties according to the Association of Natural Rubber Producing Countries (ANRPC). Prices from mid-April onwards have been on the decline although at a slow pace on growing concerns about global economy, strengthening of Japanese yen and marginal drop in crude oil prices.
Sheet rubber surrendered to Rs 214 (217) a kg, according to traders. The grade moved down to Rs 215.50 (217) a kg both at Kottayam and Kochi, according to the Rubber Board.
The June series weakened to Rs 215.31 (216.51), July to Rs 219.27 (220.47), August to Rs 218.50 (219.91) and September to Rs 218 (218.55) while the October series improved to Rs 215.55 (213.50) and November to Rs 217.15 (214.00) a kg for RSS 4 on the National Multi Commodity Exchange.
The June futures inched up to ¥418 (Rs 232.99) from ¥417 a kg during the day session but then finished unchanged in the night session on the Tokyo Commodity Exchange. RSS 3 (spot) slipped to Rs 233.27 (233.32) a kg at Bangkok.
Spot rates were (Rs/kg): RSS-4: 214 (217); RSS-5: 212 (214); ungraded: 210 (212); ISNR 20: 207 (209) and latex 60 per cent 128 (130).
Source: http://www.thehindubusinessline.com/markets/commodities/article2054528.ece
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