Mixed trend in rubber

Print this page Posted on : 01-19-2010 by recycleinme.com

Press Trust of India

Kottayam, Jan. 18

Physical rubber prices witnessed a mixed trend on Monday. Declines in the domestic futures kept the market under pressure on early trades but it failed to recover the losses during the closing hours despite the futures regaining strength on late trades. Sheet rubber moved down to Rs 139 from Rs 140 a kg amidst scattered transactions. The volumes were low.

The February futures improved to Rs 143.53 (143.03), March to Rs 146.45 (146.02), April to Rs 150.40 (150.03) and May to Rs 153.30 (153.08) a kg for RSS 4 on National Multi Commodity Exchange (NMCE). RSS 3 declined with the January futures dropping to ¥286.5 (¥290.7) (Rs 144.29), February to ¥287.6 (¥290.1) and March to ¥288 (¥292.2) a kg during the day session on Tokyo Commodity Exchange. RSS 3 weakened to Rs 144.02 (144.58) a kg on Singapore Commodity Exchange (SICOM). It's spot improved to Rs 143.44 (142.70) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 139 (140); RSS-5: 133.50 (133.50); ungraded: 129.50 (130); ISNR 20: 133 (133) and latex 60 per cent: 90 (90).

Source : Business Line