Kottayam: The physical rubber prices showed a mixed trend on Friday. A positive closing in Japanese markets catalysed the domestic sentiments partially and sheet rubber RSS 4 recovered to Rs 128 from Rs 127 a kg on covering purchases.
The volumes continued to be low. “We expect the prices to remain firm due to fundamental reasons and the chances for a sharp decline are remote”, an observer said.
Dull mood
Major consuming sectors continued to stay back and the market mood was quite dull in their absence.
RSS 3 improved at its June contract to ¥335.8 (Rs 133.10) from ¥331.3, July to ¥336.5 (332), August to ¥336 (332.9), September to ¥335.6 (330.8), October to ¥337.7 (330.9) and November to ¥339.7 (332) a kg at TOCOM. The grade slipped to Rs 141.09 (141.49) a kg (spot) at Bangkok.
Spot prices were (Rs/kg): RSS-4: 128 (127); RSS-5: 124 (124); ungraded: 120.25 (120); ISNR 20: 121.50 (122) and latex 60 per cent: 85.50 (85.50).
The volumes continued to be low. “We expect the prices to remain firm due to fundamental reasons and the chances for a sharp decline are remote”, an observer said.
Dull mood
Major consuming sectors continued to stay back and the market mood was quite dull in their absence.
RSS 3 improved at its June contract to ¥335.8 (Rs 133.10) from ¥331.3, July to ¥336.5 (332), August to ¥336 (332.9), September to ¥335.6 (330.8), October to ¥337.7 (330.9) and November to ¥339.7 (332) a kg at TOCOM. The grade slipped to Rs 141.09 (141.49) a kg (spot) at Bangkok.
Spot prices were (Rs/kg): RSS-4: 128 (127); RSS-5: 124 (124); ungraded: 120.25 (120); ISNR 20: 121.50 (122) and latex 60 per cent: 85.50 (85.50).
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