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Physical rubber prices were steady on Thursday. According to observers, the market managed to sustain at the prevailing levels on covering purchases following a better closing on the National Multi Commodity Exchange. Volumes were low. RSS 4 finished flat at ₹118 a kg, according to traders. The grade dropped to ₹118 (₹118.50) and ₹115 (₹115.50) respectively, as reported by the Rubber Board and dealers. November futures improved to ₹118.35 (₹117.50), December to ₹116.40 (₹115.98) and January to ₹116.70 (₹116.00) while the February futures declined to ₹118 (₹118.80) on the NMCE. RSS 3 (spot) firmed up to ₹102.46 (₹101.65) at Bangkok. November futures closed at ¥193.8 (₹103.20) on the Tokyo Commodity Exchange.
Spot rubber rates (₹/ kg) were: RSS-4: 118 (118); RSS-5: 111.50 (111.50); Ungraded: 106 (106); ISNR 20: 105 (105) and Latex (60% drc): 76 (76).
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