Market on June 25: Mixed trend in spot rubber

KOTTAYAM, JUNE 25:

Spot rubber trend was mixed on Monday. The market activities were in an extremely slow pace tracking another weak closing on the National Multi Commodity Exchange while leading counters finished unchanged amidst scattered transactions. Major consuming industries seem to be comfortable with their stocks following heavy imports and the chances for an immediate rise in demand are quite remote.

Sheet rubber finished flat at Rs 186 a kg according to traders. The grade slipped to Rs 186 (186.50) a kg both at Kottayam and Kochi as quoted by the Rubber Board.

RSS 4 weakened at its July series to Rs 184.50 (186.21), August to Rs 181.45 (183.60), September to Rs 180.20 (181.96), October to Rs 179.98 (180.22) and November to Rs 180.30 (182.36) a kg on NMCE.

RSS 3 (spot) declined to Rs 185.19 (187.48) a kg at Bangkok. The June futures expired at ¥239 (Rs 170.77) a kg while the July futures dropped to ¥239 (240.7) during the day session and then to ¥233.8 (Rs 166.88) a kg in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 186 (186); RSS-5: 181 (181.50); ungraded: 174 (174); ISNR 20: 181 (181) and latex 60 per cent: 133 (133).

Source: http://www.thehindubusinessline.com/markets/commodities/article3569532.ece