Spot rubber rules firm on short supply

Print this page Posted on : 07-30-2008 by recycleinme.com

The rubber prices ruled steady on Tuesday. The undercurrent continued to be firm on short supply followed by intensified rains all over the plantation areas. RSS 4 closed unchanged at Rs 137 a kg. The transactions were low.

"There has been no fresh quotes from the tyre sector as expected but certain major manufacturers were seen active in the main marketing centres,''a trader said.

Global mixed

In the international market, RSS 3 showed a mixed trend with August futures quoting at ¥334.8 ( Rs. 132.48 )against ¥335.3 a kg, September at ¥332.4 (¥332.8), October at ¥332.8. (¥332.6), November at ¥331.8 (¥331.8), December at ¥331.0 (¥331.0) and January at ¥331.6 (¥332.0) a kg at TOCOM. The grade's spot slipped to Rs 133.76 (Rs 133.83) a kg at Bangkok. Spot prices (Rs/kg) were: RSS-4: 137 (137); RSS-5 : 135 (135); ungraded: 131.50 (131.50); ISNR 20 : 134 (134); and latex 60%: 90 ( 90).

Source : Business Line