Mixed trend in rubber

Print this page Posted on : 08-31-2010 by recycleinme.com

Aravindan

Kottayam, Aug 30

Rubber prices were mixed on Monday.

The market continued to suffer from short supply but the absence of buyers kept sheet rubber under pressure during the session.

According to dealers, the grade slipped to Rs 167 from Rs 168 a kg in the main marketing centres.

The Board's rate weakened to Rs 170 (171) a kg for RSS 4. Meanwhile, ungraded rubber and RSS 5 finished flat but latex 60 per cent improved further on supply concerns.

The volumes were dull.

RSS 4 weakened at the September series to Rs 168.17 (168.44), and October to Rs 164.28 (164.58) while the November series moved up to Rs 163.52 (163.45) and December to Rs 164.26 (164.00) a kg on the National Multi Commodity Exchange.

The volumes totalled 3460 lots and turnover Rs 58.05 crores.

The open interest in all series was 4,561 lots.

The September futures for RSS 3 increased marginally to ¥319.7/Rs 177.15 (¥319.6) a kg during the day session but declined to ¥313.5 (Rs 173.77) during the night session on the Tokyo Commodity Exchange. The grade (spot) improved to Rs 160.96 (158.08) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 167 (168); RSS-5: 162.50 (162.50); ungraded: 156 (156); ISNR 20: 150 (150) and latex 60 per cent: 114 (113).

Source : Business Line