Spot rubber prices recover
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The domestic rubber prices recovered on Friday. Covering groups kept the market visibly on the higher side as trend setting international indices turned better. Sheet rubber RSS 4 closed at Rs 131.50 a kg against Rs 129.50 a kg on Thursday. The volumes were low while the trend was mixed.
JULY FUTURES REBOUND
The July contract for RSS 3 bounced back to ¥ 344.8 ( Rs 139.24) from ¥ 335.2, August to ¥ 344.4 ( 334.3), September to ¥ 343.9 ( 334.5), October to ¥ 345 ( 334.9), November to ¥ 345.8 ( 335.5) and December to ¥ 346.4 ( 335.8) a kg at TOCOM. Its spot firmed up to Rs 138.76 ( 138.27) a kg at Bangkok. Spot prices were ( Rs/ kg): RSS- 4: 130.75 ( 129.50); RSS- 5: 128.75 ( 128); ungraded: 126.75 ( 126); ISNR 20: 129 ( 129) and latex 60 per cent: 88.50 ( 88.50).
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Source : Business Line |
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