The rubber prices remained stable on Dec 9. There were no sellers in the market due to most of the traders were not willing to sell the raw material though there were no quantity buyers in the market even at these levels. Sheet rubber closed unchanged at Rs 59 a kg as on Dec 8.urthermore, rubber futures on the Tokyo Commodity. Exchange remained at lower although the nearby months moved up on short covering at the opening catalysed by Monday's late gains.
However, April and May contracts were worse hit on account of profit booking at higher levels on late trading. Besides, selling spread to the remaining contracts also, reflecting the weakness in other commodity futures. All contracts declined into the negative territory towards morning close. RSS 3 declined at its December futures to Yen 95.5 (Rs 50.70) from Yen 104.8, January to Yen 97.5 (106.5), February to Yen 98.7 (109.9), March to Yen 100.3 (113.3), April to Yen 102.7 (115.1) and May to Yen 105 (117.7) a kg at TOCOM. The grade's spot moved down to Rs. 55.74 from Rs 57.32 a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 59 (59); RSS-5: 57 (57); ungraded: 54 (54); ISNR 20: 56.50 (56.50) and latex 60 per cent: 44 (44).
However, April and May contracts were worse hit on account of profit booking at higher levels on late trading. Besides, selling spread to the remaining contracts also, reflecting the weakness in other commodity futures. All contracts declined into the negative territory towards morning close. RSS 3 declined at its December futures to Yen 95.5 (Rs 50.70) from Yen 104.8, January to Yen 97.5 (106.5), February to Yen 98.7 (109.9), March to Yen 100.3 (113.3), April to Yen 102.7 (115.1) and May to Yen 105 (117.7) a kg at TOCOM. The grade's spot moved down to Rs. 55.74 from Rs 57.32 a kg at Bangkok. Spot rates were (Rs/kg): RSS-4: 59 (59); RSS-5: 57 (57); ungraded: 54 (54); ISNR 20: 56.50 (56.50) and latex 60 per cent: 44 (44).
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