Kottayam: The physical rubber prices weakened on Friday. Moderate selling from dealers and growers at higher levels following reports on widespread rains all over the plantation areas kept the market under pressure throughout the morning session.
The bear spell was initiated by another fall on early trading in TOCOM. But later, the domestic market failed to recover in tune with the bounce back in Japanese trendsetter catalysed by the gains in oil and gold futures. RSS 4 declined to Rs 105 a kg from Rs 106 a kg both at Kottayam and Kochi on buyer resistance and the market made all-round declines amidst better volumes
Futures decline
The rubber futures made a late come back quoting the April contract at Rs 107 (105.58) a kg on MCX. The March contract for RSS 4 managed to finish in green at Rs 104.25 (104.13), April at Rs 105.70 (105.48), May at Rs 107.75 (107.47) and June at Rs 109.60 (108.98) a kg on NMCESpot prices were (Rs/kg): RSS-4: 105 (106); RSS-5: 102.50 (103); ungraded: 100 (101); ISNR 20: 102 (102.50) and latex 60 per cent: 71.50 (72.50).
The bear spell was initiated by another fall on early trading in TOCOM. But later, the domestic market failed to recover in tune with the bounce back in Japanese trendsetter catalysed by the gains in oil and gold futures. RSS 4 declined to Rs 105 a kg from Rs 106 a kg both at Kottayam and Kochi on buyer resistance and the market made all-round declines amidst better volumes
Futures decline
The rubber futures made a late come back quoting the April contract at Rs 107 (105.58) a kg on MCX. The March contract for RSS 4 managed to finish in green at Rs 104.25 (104.13), April at Rs 105.70 (105.48), May at Rs 107.75 (107.47) and June at Rs 109.60 (108.98) a kg on NMCESpot prices were (Rs/kg): RSS-4: 105 (106); RSS-5: 102.50 (103); ungraded: 100 (101); ISNR 20: 102 (102.50) and latex 60 per cent: 71.50 (72.50).
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