Spot Rubber Prices Improve

Kottayam: Spot rubber rates improved on Tuesday. The market flared up on supply concerns. A positive closing in the global futures extended further support to the domestic mood.

Sheet rubber RSS 4 moved up to Rs 108 from Rs 107 a kg at Kottayam and Kochi. The transactions were dull. RSS 3 firmed up at its May futures to ¥278.4 (Rs 110.22) from ¥276.3 a kg at TOCOM.

Futures gain

The rubber futures made all-round gains on NMCE. The April contract expired in green at Rs 107.01 (106.53) a kg while the May futures improved to Rs 108.30 (107.40), June to Rs 108.55 (107.80) and July futures to Rs 108.47 (107.45) per kg for RSS 4. The open interest was quoted at 3509 (4,661 ) tonnes. The volumes totalled 984 (409) tonnes with 108 (78) tonnes in April, 590 (220) tonnes in May, 206 (76) tonnes in June and 80 (35) tonnes in July. The open positions were 295 (1,552) tonnes in April, 1,969 (1,972) tonnes in May, 810 (744) tonnes in June and 435 (393) tonnes in July.

Spot prices were (Rs/kg): RSS-4: 108 (107); RSS-5: 105.50 (105); ungraded: 104 (103); ISNR 20: 105 (104.50) and latex 60 per cent: 71.50 (71.50).