Rubber Price Witnesses Steady Trend

Kottayam: The domestic physical rubber rates continued to remain neutral on April 24. An almost steady trend in the Japanese markets took the fire out of the traders and sheet rubber closed flat at Rs 86.75 a kg as on April 23. The futures were also in a steady mood on NMCE. The May contract concluded the session at Rs 87.80 (87.49), June at Rs 90.85 (90.79), July at Rs 92.99 (99.91) and August at Rs 92.55 (92.70) per kg for RSS 4. The volumes were 1,318 (1,712) tonnes. The May contracts ended slightly better at Rs 88.80 against Rs 88.29 a kg on MCX. Spot rates were (Rs/kg: RSS-4: 86.75 (86.75); RSS-5: 85.50 (85.50); Ungraded: 84.75 (84.75); ISNR 20: 85.25 (85.25) and Latex 60 per cent: 63.65 (63.65).