Market on July 9: Spot rubber rules steady

KOTTAYAM, JULY 9:

Physical rubber prices finished unchanged consecutively for the fourth trading session on Monday. The commodity lost its direction as there were no quantity buyers or sellers in the market to set a definite trend.

Sheet rubber finished unchanged at Rs 187 a kg at Kottayam and Kochi, according to traders and the Rubber board. The transactions were meagre.

In futures, the July series improved to Rs 185.50 (184.53), August to Rs 185.19 (184.12), September to Rs 184.11 (183.01), October to Rs 184 (182.09) and November to Rs 183.50 (182.43) a kg for RSS 4 on the National Multi Commodity Exchange.

RSS 3 (spot) weakened to Rs 177.12 (178.36) a kg at Bangkok. The July futures dropped to ¥244 (Rs 171.25) from ¥249 during the day session but then finished unchanged in the night session on the Tokyo Commodity Exchange.

Spot rates were (Rs/kg): RSS-4: 187 (187); RSS-5: 181.50 (181.50); ungraded: 176.50 (176.50); ISNR 20: 181.50 (181.50) and latex 60 per cent: 133 (133).

Source: http://www.thehindubusinessline.com/markets/commodities/article3620873.ece