Mixed trend in spot rubber

Print this page Posted on : 07-24-2008 by recycleinme.com

The rubber prices showed a mixed mood on Wednesday. RSS 4 slipped to Rs 136 from Rs 137 a kg as the global indices turned weak in tune with the declines in oil and precious metals futures. Ungraded rubber also lost ground on late trading followed by selling at higher levels. The volumes were better. Major manufacturers bought sheet rubber at Rs 137 a kg in the morning session but covering groups withdrew from the market after the initial trading hours, sources said.

July futures weaken

The July contract for RSS 3 weakened to ¥330.8 (Rs 129.43) from ¥332.8, August to ¥327.8 (331.9), September to ¥328.0 (331.8), October to ¥327 (330.8), November to ¥326.8 (331.8) and December to ¥326.4 (330.6) a kg at TOCOM. RSS 3 (spot) moved down to Rs 135.88 (136.91) a kg at Bangkok. Spot prices were (Rs/kg): RSS-4: 136 (137); RSS-5: 134 (134); ungraded: 130 (132); ISNR 20: 133 (133) and latex 60 per cent: 90 (90).

Source : Business Line