Kottayam: Spot rubber closed steady on Monday. There was no technical or fundamental change in the market condition and sheet rubber stayed flat at Rs 95 a kg both at Kottayam and Kochi as on Saturday. The transactions were low.
Futures weak
The February futures weakened to ¥275.5 (Rs 103.01) from ¥276.3 a kg at TOCOM. Rubber fell on NMCE at its February futures to Rs 95.80 (96.94), March to Rs 97.70 (98.88), April to Rs 99.75 (100.88) and May to Rs 102 (102.94) per kg for RSS 4. The February contract slid to Rs 96.21 from Rs 96.97 on MCX.
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Spot prices were (Rs/kg): RSS-4: 95 (95); RSS-5: 92.25 (92.25); ungraded: 91 (91); ISNR 20: 91.50 (91.50) and latex 60 per cent: 60.50 (60.50).
Futures weak
The February futures weakened to ¥275.5 (Rs 103.01) from ¥276.3 a kg at TOCOM. Rubber fell on NMCE at its February futures to Rs 95.80 (96.94), March to Rs 97.70 (98.88), April to Rs 99.75 (100.88) and May to Rs 102 (102.94) per kg for RSS 4. The February contract slid to Rs 96.21 from Rs 96.97 on MCX.
• Check out our Yearender Special
Spot prices were (Rs/kg): RSS-4: 95 (95); RSS-5: 92.25 (92.25); ungraded: 91 (91); ISNR 20: 91.50 (91.50) and latex 60 per cent: 60.50 (60.50).
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