Mixed trend in spot rubber

Print this page Posted on : 01-05-2010 by recycleinme.com

Kottayam, Jan. 4

Spot rubber witnessed a mixed mood on Monday. The market opened better quoting sheet rubber at Rs 141 a kg but the weakness in domestic futures during the mid session kept the grade under pressure and it finished unchanged at Rs 140 a kg failing to recover in tune with NMCE on late trades. There were no fresh enquiries from the tyre sector though ISNR 20 gained moderately on comparatively better demand.

The January futures for RSS 4 closed higher at Rs 144.15 (144.02), February at Rs 146.48 (146.39), March at Rs 148.75 (148.72) and April at Rs 151 (151.02) a kg on NMCE. RSS 3 flared up with the January futures rising to ¥271.3 (¥259) (Rs 135.37), February to ¥271.7 (¥262.5) and March to ¥275.3 (¥266.7a kg during the day session on Tokyo Commodity Exchange (TOCOM). RSS 3 improved to Rs 136.12 (134.00) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) closed at Rs 134.95 (134.34) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 140 (140); RSS-5: 134 (133.50); ungraded: 130 (130); ISNR 20: 132.50 (131) and latex 60 per cent: 87 (86).

Source : Business Line