Spot rubber rules firm

Print this page Posted on : 01-02-2009 by recycleinme.com

Kottayam, Jan. 1

The rubber prices ended firm on Thursday. Sharp gains in the domestic futures kept the covering groups active on sheet rubber though the trend setting international markets were on New Year holiday.

The grade improved to Rs 73 from Rs 72 a kg on late trading though there were no enquiries from the tyre sector. The trend was mixed as RSS 5 and ungraded rubber were flat and rather inactive during the opening day of the year 2009.

Futures rebound

RSS 4 bounced back at its January futures to Rs74.50 (71.65), February to Rs 74.78 (71.91), March to Rs 75.24 (72.35) and April to Rs 75.54 (73.42) a kg on National Multi Commodity Exchange ( NMCE).

Spot rates were (Rs/kg): RSS-4: 73 (72); RSS-5: 70 (70); ungraded: 68 (68); ISNR 20: 68.50 (68) and latex 60 per cent: 50 (49).

Source : Business Line