The Hindu Business Line : Mixed trend in rubber continues

THE physical rubber market continued to exhibit a mixed trend on Tuesday. Moderate buying from the covering groups strengthened the sheet rubber prices further amidst low arrivals.

RSS 5 and ISNR 20 remained steady while latex and ungraded rubber improved on better demand. Overnight rain continued to disturb the tapping process to a great extent.

RSS 4 moved up to close at Rs 57.75 from Rs 57.50 a kg on Monday. In the international scenario, TOCOM will remain closed till Wednesday.

The futures market was in a better mood on Tuesday. May delivery was quoted at Rs 57.72 (Rs 57.37), June delivery at Rs 58.74 (Rs 58.38), July delivery at Rs 58.60 (Rs 58.37) and August delivery at Rs 58.25 (Rs 57.84) per kg for RSS 4.

The string of holidays in the major world markets this week dampened the interests of the rubber market participants, according to analysts. Hence, the volumes were low.

The Tuesday spot market rates per kg were as follows: RSS 4 57.75 (57.50); RSS 5 56.50 (56.50); ungraded 55.75 (55.50); ISNR 20 56.25 (56.25); latex 60 per cent 43.50 (43)