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Spot rubber lost ground on Tuesday. Sharp declines on TOCOM following profit booking at higher levels and signs of weakness in domestic futures were the contributing factors. Reports on the resumption of tapping in key plantation areas and the expectations of an improvement in arrivals kept the sentiments weak though the market still experienced short supply. The trend continued to be mixed.
Sheet rubber moved down to Rs 206 (207) a kg, according to dealers. The grade weakened to Rs 206.75 ( 207.50) a kg both at Kottayam and Kochi, as quoted by the Rubber Board.
RSS 4 slipped with the January series dropping to Rs 209.50 (209.66), February to Rs 214 (214.47), March to Rs 217.99 ( 218.82) and April to Rs 224.39 (224.62) a kg on the National Multi Commodity Exchange.
RSS 3 (spot) closed weak at Rs 224.04 (224.57) a kg in Bangkok. January futures for the grade declined to ¥401.5 (Rs 220.74) from ¥411.2 during the day session but then remained inactive in the night session on the Tokyo Commodity Exchange.
Physical rubber rates (Rs/kg) were: RSS 4: 206 (207), RSS 5: 199 ( 202), Ungraded: 195 (197), ISNR 20: 204 (204) and Latex 60 per cent : 137 (137).
(Source: http://www.blonnet.com/2010/12/29/stories/2010122950991600.htm)
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