Spot rubber closed unchanged on Tuesday. According to market circles, there were neither buyers nor sellers in the market and most of the traders were still in a holiday mood in between Christmas and the New Year. The trend was partially mixed as RSS 5 slipped marginally amidst scattered transactions.

Stocks in NMCE accredited warehouses have been on the rise since last two weeks, reports said. The stocks fell to its lowest level during this year on 1st December. In the international markets activities were slowing down ahead of the New Year holidays and celebrations.

Sheet rubber finished steady at Rs 200 a kg according to traders. The grade slipped to Rs 200 (200.50) a kg both at Kottayam and Kochi as reported by the Rubber Board.

The January series closed at Rs 203.10 (203.88), February at Rs 205.70 (206.06), March at Rs 208.65 (209), April at Rs 214.50 (214.40), May at Rs 214 (214.12) and June at Rs 212.05 (213) a kg for RSS 4 on National Multi Commodity Exchange (NMCE).

RSS 3 (spot) closed at Rs 180.65 (180.64) a kg at Bangkok. The January futures declined to ¥ 252.9 (Rs 171.90) from ¥ 257 a kg during the day session but then recovered partially to ¥ 254.4 (Rs 172.92) a kg in the night session on Tokyo Commodity Exchange.

Spot rubber rates (Rs/kg): RSS-4: 200 (200); RSS-5: 196 (196.50); Ungraded: 190 (190); ISNR 20: 191 (191) and Latex 60 per cent: 110 (110).

Related Topics