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Agri-Biz & Commodities - Rubber
Mixed trend in spot rubber

Our Correspondent

Kottayam, Nov. 18 The spot rubber market showed a mixed mood on Wednesday. Sheet rubber continued to close flat at Rs 111.50 a kg amidst dull volumes. Meanwhile, ISNR 20 and ungraded rubber gained on low supply.

There were no fresh enquiries on RSS 4 from major consuming industries and a better closing in domestic futures failed to make any impact on the grade.

Futures rise

December futures improved to Rs 114.50 (Rs 113.32), January to Rs 116.56 (Rs 115.45), February to Rs 118.45 (Rs 117.26) and March to Rs 120.20 (Rs 119.05) a kg for RSS 4 on National Multi-Commodity Exchange.

RSS 3 moved up marginally to Rs 118.27 (118.10) a kg on Singapore Commodity Exchange. The grade finished firm at Rs. 118.14 (117.66) a kg at Bangkok.

November futures for RSS 3 closed at ¥232.0 (¥234.3) and December at ¥234.7 (¥236.1) during the day session on Tokyo Commodity Exchange.

The grade recovered at its November futures to ¥233.50, December to ¥238 during the night session.

Spot prices (Rs a kg) were: RSS-4 at 111.50 (111.50); RSS-5 at 106.50 (106.50); ungraded at 103.50 (103); ISNR 20 at 105 (104) and Latex 60% at 70 (70)

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