Spot rubber rules steady Aravindan

Print this page Posted on : 10-29-2008 by recycleinme.com

Rubber prices remained steady on Tuesday.

According to observers, sellers stayed back as the Japanese indices finished on green but the absence of genuine consumer support kept the market mood neutral in the domestic scene. Sheet rubber RSS 4 closed flat at Rs 88 a kg amidst low volumes. Most of the traders were in a holiday mood owing to Diwali.

FUTURES PARE GAINS

The rubber futures on the Tokyo Commodity Exchange slipped into the minus territory towards morning close. RSS 3 spot moved down to Rs 91.69 ( 93.24) a kg at Bangkok. The November futures for the grade improved to ¥ 162.7 ( Rs 85.74) from ¥ 159.2. Spot rates were: RSS- 4: 88 ( 88); RSS- 5: 86 ( 86); ungraded: 81.50 ( 81.50); ISNR 20: 84.50 ( 84.50) and latex 60 per cent: 63.50 ( 63.50).

Source : Business Line