The Hindu Business Line : Mixed trend in rubber market

A MIXED trend prevailed in the physical rubber market on Wednesday. Strong buyer resistance and the absence of major manufactures put pressure on sheet rubber which declined to Rs 63.25 from Rs 63.75 and Rs 63.50 a kg at Kottayam and Kochi respectively.

ISNR 20 followed suit, shedding 25 paise on low demand, while other grades were flat.

News on fresh imports also contributed to the weakness in select grades, though the arrivals were low.

The futures market continued to quote lower with narrow volumes. The June contract was traded at Rs 63.74 (Rs 63.82), July at Rs 64.35 (Rs 64.43) and August at Rs 62.10 (Rs 62.30) a kg for RSS 4. The farther month September continued to remain active.

RSS 3 improved to Rs 61.88 against Rs 60.91 at Bangkok.

The July futures for the same grade weakened to 151 yen from 151.8 yen at TOCOM.

Spot rubber prices a kg were RSS-4: Rs 63.25 (Rs 63.75); RSS-5 Rs 61.50(Rs 61.50); ungraded: Rs 59.50 (Rs 59.50); ISNR 20: Rs 59.50 (Rs 59.75); and latex 60%: Rs 40.50 (Rs 40.50).

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Back in business

An end to a bitter legacy

Global floriculture expo in Bangalore next month

Mixed trend in rubber market

`Tea sector package doesn't benefit small growers'

Nalco cuts price by Rs 2,500

NGO's 2-pronged strategy to help raise milk yield

Falling pepper rates: Need for long-term perspective plan

Seminar on rice bran oil in July