Mixed trend in spot rubber

Print this page Posted on : 06-24-2009 by recycleinme.com

Physical rubber prices showed a mixed trend on Tuesday. The under current appeared weak as there were no quantity buyers in the main marketing centres. Sheet rubber closed unchanged at Rs 99 a kg amidst scattered transactions. Latex 60 per cent improved further on acute short supply while the remaining grades except RSS 5 lost ground marginally on buyer resistance.

Futures firm

The July futures for RSS 4 closed at Rs 97.51 (97.46), August at Rs 95.00 (95.15) , September at Rs 92.70 (92.56) and October at Rs 91.39 (91.50) a kg on National Multi Commodity Exchange (NMCE).The June futures for RSS 3 weakened to ¥146 (¥148) (Rs 74.35), July to ¥146.2 (¥150), August to ¥148 (¥151.6), September to ¥150.2 (¥153.9), October to ¥151.5 (¥155.9) and November to ¥153.2 (¥157.7) a kg during the day session on TOCOM.

The grade concluded at ¥146, ¥146, ¥148, ¥149.8, ¥150.8 and ¥152.4 a kg consecutively during the night session. RSS 3 moved down to Rs 79.37 (80.10) a kg on Singapore Commodity Exchange (SICOM). The grade (spot) declined to Rs 80.79 (81.60) a kg at Bangkok.

Spot prices were (Rs/kg): RSS-4: 99 (99); RSS-5: 96 (96); ungraded: 93.25 (93.50); ISNR 20: 90 (90.50) and latex 60 per cent: 85 (84).

Source : Business Line