Spot rubber prices rule firm

Print this page Posted on : 09-07-2010 by recycleinme.com

Kottayam, Sept 6

Spot rubber prices finished unchanged on Monday. The market activities were in a slow pace prior to the hartal on Tuesday announced by the political parties. Sheet rubber finished flat at Rs 165 a kg as on the previous weekend session. The grade was quoted steady at Rs 164.50 a kg in the Board's Web site. The volumes were extremely low.

In futures, the September series increased to Rs 166.35 (165.76) while the October series slipped to Rs 163.43 (163.77), November to Rs 163.80 (164.42) and December to Rs 165.68 (165.84) a kg for RSS 4 on the National Multi Commodity Exchange.The volumes stood at 2,564 lots. RSS 3 weakened with September futures slipping to ¥309 (Rs 170.65) from ¥309.5 a kg during the day session, while the grade finished unchanged during the night session on the Tokyo Commodity Exchange. RSS 3 (spot) improved to Rs 162.49 (161.57) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 165 (165); RSS-5: 160 (160); ungraded: 155 (155); ISNR 20: 149.50 (149.50) and latex 60 per cent: 111 (111).

Source : Business Line