Bullish trend in rubber futures Soyameal

Print this page Posted on : 09-08-2010 by recycleinme.com

Our Correspondent

Kottayam, Sept 7 The domestic rubber futures were bullish on Tuesday. The September series increased to Rs 168.4 ( Rs 166.49), October to Rs 164.38 ( Rs 163.53), November to Rs 164.61 ( Rs 163.97) and December to Rs 166.2 ( Rs 165.78) a kg for RSS 4 on the National Multi Commodity Exchange ( NMCE).

The volumes stood at 1,960 lots. The turnover was 32.58 crore and open interest 4,404 lots. RSS 3 declined sharply at its September futures to ¥ 302 ( Rs 168.65) from ¥ 309 during the day session and to ¥ 299.5 ( Rs 167.26) a kg during the night session on Tokyo Commodity Exchange ( TOCOM). RSS 3 ( spot) improved to Rs 163.5 ( Rs 162.49) a kg at Bangkok.

SPOT CLOSED

The spot rubber market remained closed owing to the hartal announced by the political parties.

Source : Business Line