Spot rubber prices unchanged

Print this page Posted on : 05-30-2009 by recycleinme.com

Spot rubber closed unchanged on Friday. The market lost its direction as there were no quantity buyers or sellers in the main marketing centres even against a firm closing in its futures on NMCE. Sheet rubber remained steady at Rs 98 a kg on scattered transactions. Meanwhile latex 60 per cent improved further on better demand amidst low supply.

Futures improve

The June futures for RSS 4 improved to Rs 98.10 (97.36), July to Rs 96.11 (94.90), August to Rs 93.35 (92.48) and September to Rs 90.75 (90.01) a kg on National Multi Commodity Exchange (NMCE).

The June futures for RSS 3 improved to ¥158.6 (¥155) (Rs 78.26), July to ¥159.2 (¥158.2), August to ¥162.1 (¥160.6), September to ¥164.8 (¥162.9), October to ¥167 (¥165.1) and November to ¥169.3 (¥167) a kg at its day session on TOCOM. The grade closed at ¥159.5, ¥161.6, ¥164, ¥165.9 and ¥168.2 a kg consecutively at its distant contracts from July to November during the night session. RSS 3 slipped to Rs 82.47 (82.54) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) improved to Rs 84.20 (84.04) a kg at Bangkok.

Spot rates were (Rs/kg): RSS-4: 98 (98); RSS-5: 96.50 (96.50); ungraded: 94 (94); ISNR 20: 93 (93) and latex 60 per cent: 75.50 (74).

Source : Business Line