Spot rubber rules steady

Print this page Posted on : 01-13-2009 by recycleinme.com

Kottayam, Jan. 12

Spot rubber continued to rule unchanged on Monday. The market opened better quoting sheet rubber at Rs 73 a kg on early trades but declines in the domestic rubber futures kept the grade under pressure during the afternoon session. RSS 4 finished flat at Rs 72 a kg as on Saturday last. The volumes were dull.

Futures slip

In futures, the January contract for RSS 4 declined to Rs 72.75 (74.45), February to Rs 73.40 (74.95), March to Rs 74.60 (76.18), and April to Rs 76.29 (77.18) a kg on National Multi Commodity Exchange (NMCE). RSS 3 (spot) improved to Rs 75.38 (74.55 ) a kg at Bangkok. TOCOM remained closed on account of a national holiday - 'Coming of Age Day '.

Spot prices were (Rs/kg): RSS-4: 72 (72); RSS-5: 70 (70); ungraded: 68 (68); ISNR 20: 69 (69) and latex 60 per cent: 55 (55).

Source : Business Line