The Hindu Business Line : Rubber static

SPOT rubber market exhibited a steady trend on Friday. Scattered buying from the covering groups and purchase agents kept the market alive but failed to accelerate the upmove since the transactions were narrow. There was no improvement in arrivals.

Major manufacturers kept off unwilling to buy at higher levels as quantity purchase orders might trigger another rise in prices. The only loser of the day was ISNR 20, which lost 25 paise on low demand.

At Bangkok, RSS 3 fell to Rs 62.22 from Rs 64.61a kg and the June futures for the same grade closed at 157.4 yen a kg against 157.7 yen at TOCOM.

The futures market turned weak on Friday. The near month June delivery was quoted at Rs 60.18 (Rs 60.39), July delivery at Rs 59.30 (Rs 59.55), August delivery at Rs 58.09 (Rs 58.34) and September delivery at Rs 57.89 (Rs 58.00) per kg for RSS 4.

The spot market rates per kg were as follows: RSS 4 60.25 (60.25); RSS 5 58.75 (58.75), ungraded 58.50 (58.50), ISNR 20 57.25 (57.50); latex 60 per cent 45.00 (45.00)