Kottayam: The international rubber remained firm reacting to the bull run in crude oil which flared up to $98.69 a barrel creating yet another intermediate high on Monday. The December futures for RSS 3 recovered to ¥265 (Rs. 97.15) from ¥262.5 a kg at TOCOM. The grade’s spot improved by 81 paise to Rs. 97.04 a kg at Bangkok.
Sheet rubber moved up in tandem with the domestic and international futures. RSS 4 closed firm at Rs 94.50 against Rs 93.50 a kg both at Kottayam and Kochi as sellers stayed back hopefully for better quotes. RSS 5 was down by 50 paise on low demand, while the volumes were dull amidst a mixed trend.
Futures firm
The December contract finished firm at Rs 95.80 against Rs 94.00 a kg on MCX. On NMCE, the December contract moved up to Rs. 96.71 (94.48), January to Rs 98.25 (96.45), February to Rs 99.55 (97.78) and March contract to 101.80 (99.51) per kg for RSS 4. The volumes totalled 1,654 (533) tonnes.
Spot prices were (Rs a kg): RSS-4: 94.50 (93.50) RSS-5: 90.00 (90.50) Ungraded: 85.00 (84.50) ISNR 20: 90.00 (90.00) and Latex 60%: 63.00 (63.00).
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