Market on July 30: Spot rubber unchanged

KOTTAYAM, JULY 30:

Physical rubber prices continued to rule almost unchanged on Monday. The declines in the domestic and international futures kept the commodity under pressure on late trades but the absence of genuine sellers helped the commodity to sustain at the prevailing levels. Sheet rubber closed steady at Rs 181 a kg at Kottayam and Kochi, according to traders and the Rubber Board. Volumes were extremely low.

The August series dropped to Rs 179.15 (180.79), September to Rs 176.50 (178.30), October to Rs 176.25 (177.23) and November to Rs 175.31 (177.50) a kg for RSS 4 on the National Multi Commodity Exchange.

RSS 3 (spot) weakened to Rs 168.84 (169.96) a kg at Bangkok. The August series surrendered to from ¥220.3 a kg to ¥211.7 (Rs 149.99) in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 181 (181); RSS-5: 174.50 (174.50); ungraded: 168 (168); ISNR 20: 167.50 (167.50) and latex 60 per cent: 127.50 (128.50).

Source: http://www.thehindubusinessline.com/markets/commodities/article3704309.ece