MTECHTIPS

MTECHTIPS:-India Natural Rubber: Mixed trend in spot; bullish in futures

India natural rubber witnessed mixed trend in spot markets and bullish trend in futures on Tuesday.RSS 4 variety of natural rubber was traded at the rate of Rs.191/Kg even as RSS 5 was seen trading at Rs.187/Kg. Ungraded rubber was traded for Rs.180/Kg.There have been no rains and tyre companies are not participating in trade, sources said “Still information suggests that they purchase natural rubber in anonymity. They don't give much of publicity in this regard. Given that prices are ruling low in natural rubber in the international markets, there have been no exports happening.” a trader informed.Meanwhile, in the spot markets on Monday, RSS 4 variety was traded at the rate of Rs.192-193/Kg and RSS 5 variety at Rs.187/Kg. Spot close price-- the price according to close of trade that is carried out at the fag end of the day; at 6.00 pm or after-- ruled at Rs.190/Kg and Rs.186/Kg on Monday. The overall trend had been bearish in spot for that day.