Kottayam: Spot rubber rates were almost steady on Friday. RSS 4, the only loser of the day shed 50 paise to close at Rs 110.50 a kg followed by moderate selling from certain dealers at higher levels.
According to observers a major tyre manufacturer was buyer on the grade at the quoted level. The volumes were better. In the international scene RSS 3 slipped at its May futures to ¥286.2 (Rs 110.26) from ¥286.6 a kg at TOCOM.
Futures closed
The futures markets remained closed on account of Mahavir Jayanthi on National Multi-Commodity Exchange (NMCE). The markets would resume trading on Saturday. The absence of domestic futures kept the physical market slightly under pressure, an analyst said.
Spot prices were (Rs/kg): RSS-4: 110.50 (111); RSS-5: 108.50 (108.50); ungraded: 106.50 (106.50); ISNR 20: 107 (107) and latex 60 per cent: 72.50 (72.50).
According to observers a major tyre manufacturer was buyer on the grade at the quoted level. The volumes were better. In the international scene RSS 3 slipped at its May futures to ¥286.2 (Rs 110.26) from ¥286.6 a kg at TOCOM.
Futures closed
The futures markets remained closed on account of Mahavir Jayanthi on National Multi-Commodity Exchange (NMCE). The markets would resume trading on Saturday. The absence of domestic futures kept the physical market slightly under pressure, an analyst said.
Spot prices were (Rs/kg): RSS-4: 110.50 (111); RSS-5: 108.50 (108.50); ungraded: 106.50 (106.50); ISNR 20: 107 (107) and latex 60 per cent: 72.50 (72.50).
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