Kottayam: The physical rubber prices on Dec 22 reported strong gains. The sheet rubber flared up to Rs 70 a kg from Rs 67 due to covering groups that remained extremely aggressive on the grade. The major consuming industries sidelined the market as it registered all-round gains on increased demand. On National Multi Commodity Exchange (NMCE), the RSS 4 improved its January futures to Rs 70.15 (67.46), February to Rs 70.32 (67.62), March to Rs 70.44 (67.74) and April to Rs 72.14 (69.38) a kg.
On the Tokyo Commodity Exchange, the rubber futures extended gains attracting short covering and fresh buying amidst better oil futures and decline of Yen against dollar. The market till the end of the session, maintained the mood. The RSS 3 improved at its January futures to �130.4 (Rs 69.43) (118), February to �131.4 (119.9), March to �132.8 (120.8), April to �134.3 (121.6), May to �136.1 (124) and June to �138.3 (128) a kg at TOCOM. However, at Bangkok its spot closed at Rs 62.44 (61.15) a kg.
The spot rates were (Rs/kg): RSS-4: 70 (67); RSS-5: 68 (65); ungraded: 65 (63); ISNR 20: 66 (63) and latex 60 per cent: 45 (44.50).
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