Spot rubber prices improve

Print this page Posted on : 02-27-2010 by recycleinme.com

Kottayam, Feb. 26

Domestic rubber prices improved on Friday. Natural rubber futures prices on NMCE rose following budget announcements, as traders took a positive stance after analysing the impact of higher vehicle prices and tyre demand. In spot, sheet rubber improved to Rs 141.50 from Rs 140.50 a kg while the market made all- round gains on fresh buying and short covering.

FUTURES GAIN

RSS 4 flared up at its March futures to Rs 143.10 ( 141.29), April to Rs 147.90 ( 145.34), May to Rs 150.95 ( 148.21) and June to Rs 152.85 ( 150.24) a kg on National Multi Commodity Exchange ( NMCE). RSS 3 firmed up at its March futures to ¥ 284.9 ( ¥ 283.8) ( Rs 147.14), April to ¥ 287.4 ( ¥ 286), May to ¥ 289.3 ( ¥ 288.4) and June to ¥ 291.4 ( ¥ 290.7) a kg for during the day session on Tokyo Commodity Exchange ( TOCOM). RSS 3 weakened to Rs 151.17 ( 152.08) a kg on Singapore Commodity Exchange ( SICOM). The grade ( spot) improved to Rs 151.60 ( 151.16) a kg at Bangkok.

Spot prices were ( Rs/ kg): RSS- 4: 141.50 ( 140.50); RSS- 5: 137.50 ( 136.75); ungraded: 137 ( 135.50); ISNR 20: 136.50 ( 136) and latex 60 per cent: 91 ( 91). ¥

Source : Business Line