Spot rubber prices unchanged
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The physical rubber rates were unchanged on Thursday. Sheet rubber RSS 4 was traded at Rs.94 a kg consecutively for the sixth day at Kottayam and Kochi lacking support from traders.
RSS 3 spot moved up to Rs.102.55 from Rs.102.09 a kg at Bangkok. The domestic markets are expected to gather momentum when Tokyo Commodity Exchange (TOCOM) reopens on Friday, an observer said.
FUTURES FIRM
The rubber futures firmed up reacting to the spurt in crude oil prices to record levels. The January contract for RSS 4 improved to Rs.96.45 (95.67), February to Rs.98.28 (97.51), March to Rs.100 (98.99) and April to Rs.101.72 (100.75) per kg on NMCE.
The open interest was 9,773 (9,488) tonnes with 2,902 (3,000) tonnes in January, 4,140(3,952) tonnes in February, 2,151 (2,012) tonnes in March and 580 (524) tonnes in April. The volumes were comparatively better at 1,263 (1,149) tonnes.
Spot prices were (Rs./kg): RSS-4: 94 (94); RSS-5: 92 (92); ungraded : 90(90); ISNR 20: 91 (91) and latex 60 per cent : 61.50 (61.50).
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Source : Business Line |
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