Market on Mar 30: Spot rubber rules steady

KOTTAYAM, MARCH 30:

Spot rubber finished unchanged on Friday. Market activities were slow and most of the players remained disinterested in view of the financial year end.

Sheet rubber finished unchanged at Rs 200 a kg, according to traders and the Rubber Board. Volumes were dull.

Meanwhile, Tokyo rubber futures ended lower on profit booking but firm oil prices and limited supplies in major producing countries continued to lend support at lower levels. RSS 4 improved marginally with the April contracts rising to Rs 201 (199.84), May to Rs 206.20 (205.07), June to Rs 211.89 (209.80) and July to Rs 212.50 (211.05) a kg on the National Multi Commodity Exchange.

RSS 3 (spot) slipped to Rs 202.27 (202.79) a kg at Bangkok. The April futures for the grade weakened to ¥309 (Rs 191.60) from ¥311.6 a kg during the day session but then recovered partially to ¥310.8 (Rs 192.69) a kg in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 200 (200); RSS-5: 198 (198); ungraded: 193.50 (193.50); ISNR 20: 197.50 (197.50) and latex 60 per cent: 130 (130.50).

Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article3263107.ece