Spot rubber showed a mixed mood on Wednesday. Covering purchases at lower levels following a moderate recovery in the domestic and international futures kept selected counters firm during closing hours. But the overall gains were limited in the absence of quantity buyers even at lower levels. Sheet rubber increased to Rs 161 (160) a kg, according to traders. The grade firmed up to Rs 162 (161) a kg at Kottayam and Kochi as reported by the Rubber Board.
The December series recovered to Rs 165.25 (163.83), January to Rs 167.45 (165.82), February to Rs 169.79 (167.59) and March to Rs 171.78 (170.14) a kg on the National Multi Commodity Exchange.
RSS 3 improved at its December delivery to ¥251.5 (Rs 166.65) from ¥250 a kg during the day session and then to ¥252.2 (Rs 167.11) a kg in the night session on the Tokyo Commodity Exchange.
Spot rates were (Rs/kg): RSS-4: 161 (160); RSS-5: 156 (156); ungraded: 151 (151); ISNR 20: 156 (157) and latex 60 per cent: 106 (107).
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.